Says It Could Drop Kilowatt-Hour Cost by 30% in a Year
Surging Tesla, stock market darling and indisputable shining star in an often-faltering world of battery cars, has outlined plans for a renewable energy-based lithium ion battery “gigafactory” that would “by 2020, produce more lithium ion batteries annually than were produced worldwide in 2013.”
The 10-million-square-foot, $4 billion to $5 billion gigafactory will also, by the end of the first year of production, have drawn down the cost of a kilowatt-hour of battery capacity by more than 30%, Tesla says.
“As we at Tesla reach for our goal of producing a mass market electric car in approximately three years, we have an opportunity to leverage our projected demand for lithium ion batteries to reduce their cost faster than previously thought possible,” the company says.
‘We’re Planning to Build a Large Scale Factory’
“In cooperation with strategic battery manufacturing partners, we’re planning to build a large scale factory that will allow us to achieve economies of scale and minimize costs through innovative manufacturing, reduction of logistics waste, optimization of co-located processes and reduced overhead.”
Separately, Tesla celebrated a run of two of its cars from Los Angeles to New York using only Tesla “Supercharger” charging stations.
The 3,427-mile Tesla Cross Country Rally took just over 76 hours with 15 hours of charging, and included a 247-mile run from Flagstaff, Ariz. to Blanding, Utah.
Each car avoided the use of 136 gallons of gasoline, Tesla says, worth $435.
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Source: Tesla with Fleets & Fuels follow-up