The deal of the century or at least its first decade for electric cars is signed by Elon Musk. Gigafactory will open the doors for the mass market for electric cars and $35k Tesla Model III will be the first one rolling out. I will provide links in addition to the report by Damon Lavrinc so that you can get the full picture of this groundbreaking development for our industry.
China Rolls Out Welcome Mat for Electric Cars: Ganfeng Lithium Partners with International Lithium in Argentina and Ireland.
Tesla's Elon Musk Expects 'Hundreds' Of Gigafactories As Lithium Battery Production For EVs Triples In Three Years.
Lithium Batteries Gigafactory: Why Morgan Stanley Is Betting That Tesla Will Kill Your Power Company
The Local and Global Impact of Tesla’s Giga Factory.
Tesla CTO on Energy Storage: ‘We Should All Be Thinking Bigger’
Elon Musk joined Nevada Governor Brian Sandoval in Carson City to announce the selection of Nevada as the official site for the Tesla Gigafactory. At over 5 million square-feet, the massive diamond-shaped battery plant will be one of the largest in the world, and Tesla is getting $1.2 billion in tax breaks over 20 years."The Gigafactory is an important step in advancing the cause of sustainable transportation and will enable the mass production of compelling electric vehicles for decades to come," Musk said in a statement. "Together with Panasonic and other partners, we look forward to realizing the full potential of this project."Tesla pitted five states against one another in a bid for the factory, and Nevada came out on top with the right combination of incentives and tax abatement to draw the automaker to the state. Read more: Jalopnik."