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Tesla’s Musk envisions hundreds of battery “gigafactories”

Billionaire entrepreneur Elon Musk, the CEO and co-founder of California-based electric automaker Tesla, sees a future where low-cost batteries for autos and power storage would be universally available.

But – the need to achieve these affordable Li-Ion packs, that would be used by electric cars and also businesses or home owners who need generate green power and need a way to store it, also prompts the need of hundreds of battery gigafactories – just like the one Musk aims to build in the US.

“I think we can probably do better than 30 %,” Musk, 42, said at the company’s Fremont, California, plant. “There’s going to need to be lots of gigafactories. Just to supply auto demand you need 200 gigafactories,” he said.

More http://www.inautonews.com/teslas-musk-envisions-hundreds-of-battery-gigafactories#.U3WkXYl5mc0

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