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Why A Gigafactory? Tesla Used 1/3 Of All Electric-Car Batteries Last Year

The 210,000 plug-in electric vehicles sold around the world last year used a lot of lithium-ion batteries.

But if startup automaker Tesla Motors has its way, it will soon need as many lithium-ion cells (of the 18650 format it uses) as are now built worldwide.

That’s why the company plans to release more details this week on its upcoming “gigafactory,” a huge U.S. plant to build the cells it needed to let it boost production from last year’s 24,000 electric cars to more than 100,000 by 2018.
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