Tesla opens $5bn Gigafactory to ramp up battery production

Madeleine Cuff
clock • 2 min read

New facility could almost double the world's production of lithium ion batteries and reduce Tesla's battery costs by more than a third by 2018

Tesla yesterday opened the doors to its Gigafactory, the $5bn lithium ion battery factory in Nevada, US, that will support a massive increase in the company's production of electric cars. The site is...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Automotive

Can the UK overcome the 'lingering EV wealth divide'?

Can the UK overcome the 'lingering EV wealth divide'?

Two studies published this week warn the electric vehicle transition is at risk of stalling if the cost of buying and charging new cars locks out poorer households

clock 16 January 2026 • 10 min read
Survey: Vast majority of London black cabbies prefer electric to diesel taxis

Survey: Vast majority of London black cabbies prefer electric to diesel taxis

Licensed Taxi Drivers' Association (LTDA) calls for more support to help those cabbies still driving diesel models to make the switch to fuel-saving plug-in hybrids

Michael Holder
clock 16 January 2026 • 4 min read
'Best year ever': Polestar reports EV sales accelerated in 2025

'Best year ever': Polestar reports EV sales accelerated in 2025

Luxury EV maker increased its global retail sales by over a third last year

Stuart Stone
clock 13 January 2026 • 3 min read