Categories

A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

Tesla Considers Building The World’s Biggest Lithium-Ion Battery Factory

TSLA +0.92% is looking at building a lithium-ion battery factory that will likely be the biggest in the world, said CEO Elon Musk on Tuesday.

“This will be a giant facility. We are talking about something that is comparable to all of the lithium-ion battery production in the world — in one factory,” Musk said during a conference call with analysts to discuss the third-quarter earnings. “It’s big.”
Tesla Makes Record Delivery Of Model S, Promises A ‘Pioneering Approach’ To Servicing Its Cars Ucilia Wang Ucilia Wang Contributor
A Manufacturing Lesson From Tesla Motors Ucilia Wang Ucilia Wang Contributor
California To Build A $100M Electric Car Charging Network Ucilia Wang Ucilia Wang Contributor

Securing enough battery cells has been the biggest challenge for the electric car maker, who announced an expanded purchase agreement with Panasonic on Tuesday that will see it buying three times more cells than it did previously. Tesla plans to get a minimum of 1.8 billion cells from the Japanese companies over four years.

Cell supply is crippling Tesla’s ambitious effort to expand its global reach. Musk repeatedly talked about the trouble of getting enough cells and how that has caused the company to not market its cars as aggressively as it would like.

In fact, the company has had to temper its Model S delivery in North America in order to please some of its European customers who have been waiting for their Model S deliveries for a few years. Tesla recently opened its Beijing store without much marketing efforts partly because it didn’t want to drum up demand it couldn’t meet

“It doesn’t make sense for us to amplify demand if we aren’t able to deliver on that demand,” said Musk, who discussed the supply trouble earlier in the year.

While Musk said he didn’t want to divulge too many details about the battery factory plan, he did have this much to say:
More forbes.com

Share

Leave a Reply