Posts Tagged: Tesla Gigafactory

Tesla and Panasonic reported to be reconsidering Gigafactory expansion plans

Earlier this week, Nikkei reported that Tesla and Panasonic have suspended plans to expand the capacity of Gigafactory 1. The two companies had planned to increase capacity at the Nevada plant by about 50 percent by 2020, but financial problems have forced them to put those plans on hold, the newspaper said. Panasonic will “study… Read more »

Investors sue to stop Tesla’s acquisition of Maxwell Technologies

A group of investors has filed a class action lawsuit in San Diego federal court to stop Tesla’s acquisition of battery and ultracapacitor innovator Maxwell Technologies. Bloomberg Terminal reports (via Electrek)  that the litigants are calling the price of $4.75 per share (over $200 million total) and the process that led to the deal “unfair.” This… Read more »

Tesla and Jeff Dahn patent new battery cell chemistry

Tesla’s battery research group in Halifax, which is led by battery superstar Jeff Dahn, has applied for a patent on a new battery cell chemistry that promises to deliver faster charging, longer life and lower cost. In the application, entitled “Novel battery systems based on two-additive electrolyte systems,” Dahn and his team explain that adding… Read more »

Tesla to acquire ultracapacitor developer Maxwell Technologies

Tesla plans to acquire Maxwell Technologies at a price of $4.75 per share, or approximately $218 million. The merger, which was unanimously approved by Maxwell’s board of directors, is to be finalized around the second quarter of 2019. Maxwell is based in San Diego and has about 380 employees. The company will be familiar to… Read more »

Tesla buys land for Chinese factory

Tesla has acquired a 210-acre piece of land in the Lingang region of Shanghai for its planned Gigafactory 3. No price has been announced. Lingang is located on the coast, about 47 miles from the center of Shanghai. Several automakers with foreign connections have facilities there, and unmarked test vehicles are often seen on the… Read more »

Tesla’s “responsible sourcing” policy for cobalt and other exotics

How do you solve a problem like cobalt? The blue metallic element is used in significant quantities in EV batteries, but half the world’s supply of comes from the Democratic Republic of Congo, a war-torn land in which child labor is common. Several automakers are already taking steps to reduce their use of the costly… Read more »

Former Tesla execs launch plan for European Gigafactory

A couple of Tesla alumni, with backing from Swedish investors, have announced a plan to build a massive Li-ion battery factory, perhaps in Sweden or Finland. Their ambitious goal is to bring the cost of batteries down to $100/kWh. Tesla’s former Vice President of Supply Chain Management, Peter Carlsson, and another former Tesla supply chain… Read more »

More Gigafactory details: world’s largest rooftop solar array

At a recent event for investors, Tesla revealed some tantalizing details about its Nevada factory, which is now producing battery cells. The company is now calling the massive manufactory Gigafactory 1 (GF1), a hint of hopes to build similar facilities in Europe and/or China. Tesla has long planned to make this a fossil fuel-free facility…. Read more »

Tesla’s Gigafactory features renewable energy, recycling, robots…and horses

As Tesla develops the mass-market Model 3, it is simultaneously working on the Nevada Gigafactory that will produce the boatloads of batteries required. When the futuristic factory is finished in 2020, it is expected to produce more lithium-ion batteries than all the world’s other battery factories combined. When completed the 13-million-square-foot facility will have the… Read more »

Panasonic will spend up to $1.6 billion on Tesla gigafactory

Panasonic has been involved with Tesla’s Gigafactory from the beginning of the project, but until now, it hasn’t said exactly how much it plans to invest. Now Panasonic President Kazuhiro Tsuga has told Marketwatch that the company will invest up to $1.6 billion, hoping to secure its future in automotive electronics. Sales to carmakers represented… Read more »