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

Chinese auto brands report 210 per cent global growth during March

Chinese auto brands report 210 per cent global growth during March

OMODA & JAECOO claim they have surpassed one million global vehicle sales in under three years, making them the fastest brands to ever reach the milestone

BusinessGreen staff
clock 27 April 2026 • 2 min read
How Easee sold a million EV chargers in seven years

How Easee sold a million EV chargers in seven years

Anthony Fernandez, CEO of EV charging tech firm Easee, explains why early EV adopter Norway shows what 'large-scale electrification looks like in practice'

Stuart Stone
clock 27 April 2026 • 4 min read
Study: Public EV charging now cheaper than petrol or diesel for most drivers

Study: Public EV charging now cheaper than petrol or diesel for most drivers

Cost savings from charging an EV compared to using petrol or diesel hit highest level since May 2024, new analysis claims

Stuart Stone
clock 24 April 2026 • 5 min read