Posted on

Tesla plans to spend $3.6 billion more on battery and truck manufacturing in Nevada

Share

An aerial view of the Tesla Gigafactory near Sparks, NevadaBob Strong | ReutersTesla plans to spend $3.6 billion more on expanded battery and heavy duty truck manufacturing in Nevada, the company said Tuesday on social media.According to its public statements, Tesla intends to hire 3,000 more people across two new facilities eventually.It wasn’t immediately clear whether Tesla’s plans expand the company’s manufacturing footprint beyond the property it is already developing outside of Reno in Sparks, Nevada.Tesla said in a statement that its new facilities will include a 100 GWh battery cell factory, where the company expects to have the capacity to produce battery cells for 2 million light duty vehicles annually, and a high-volume factory where it will eventually manufacture its class 8 heavy-duty, fully electric truck, the Tesla Semi.Tesla began construction of its first battery factory in Nevada in 2014. It operates this plant today with a key cell supplier, co-tenant and co-investor in the factory, Panasonic. The sprawling factory is known as GF1, Giga Nevada or the original Tesla Gigafactory. It primarily manufactures and supplies Tesla’s Fremont, California, vehicle assembly plant with high-voltage battery packs.Republican Nevada Gov. Joe Lombardo revealed details about Tesla’s plans for expansion in the state early on Mond …

Read More