Tesla partners with Panasonic for its gigafactory - Tesla Model III Forum, Tesla Model 3 Forums
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post #1 of 6 (permalink) Old 07-29-2014, 11:15 AM Thread Starter
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Tesla partners with Panasonic for its gigafactory

Tesla and Panasonic have shook hands and formed a partnership for an eventual gigafactory. We still don't know where the factory will be built, but Panasonic has agreed to invest $300 million in the plant.

The gigafactory is to be built and ready by 2017. By 2020 Tesla says that the plant will be producing enough batteries to handle up to 500,000 electric vehicles each year. The factory will start small and build up as demand increases.

As far as the location of the factory, the lead candidate is the Tahoe-Reno Industrial Center near Reno, Nevada. There is also a former Naval weapons station northeast of San Francisco is apparently still in the running.
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post #2 of 6 (permalink) Old 07-29-2014, 03:40 PM
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Great partnership, pansonic is one of the better companies in the industry.



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post #3 of 6 (permalink) Old 07-29-2014, 05:19 PM Thread Starter
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I was expecting Samsung, but Panasonic I'm sure will do well too. I wonder what the ultimate impact this factory will be on electric cars. It seems from the media that this will dramatically increase the supply of batteries which would reduce the price too. Am I right?
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post #4 of 6 (permalink) Old 07-30-2014, 12:58 PM
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I think that this factory is going to be huge for Tesla. It should allow them to start makes a much larger volume of cars, and thereby allow them to compete with more established brands better. It seems like such a huge project to undertake though. That factory is going to take a huge amount of time to complete.
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post #5 of 6 (permalink) Old 07-30-2014, 05:02 PM
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Originally Posted by Plinko View Post
I think that this factory is going to be huge for Tesla. It should allow them to start makes a much larger volume of cars, and thereby allow them to compete with more established brands better. It seems like such a huge project to undertake though. That factory is going to take a huge amount of time to complete.
no thats not exactly true. Tesla is still limited by their actual factory capacity. It diversifies their revenue stream, they opened up their patents for all to use, which means they intended a second revenue stream of selling powertrains to mainstream manufacturers.
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post #6 of 6 (permalink) Old 07-30-2014, 07:10 PM
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@Plinko what @coda said is true, Tesla needs to expand even more, more to have their factory flow with demand and this factory the thread is on.

The biggest question is when they'll do it, they have the space, they just need to take action.



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