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Tesla, the world’s biggest producer of electric vehicles, is expanding its Nevada assembly plant with a major new investment to boost production of a new, larger type of battery cell and a dedicated factory to make its Semi truck.
The Austin-based company led by billionaire Elon Musk said in a blog post on Tuesday that it will spend $3.6 billion for a plant dedicated to making 4680 lithium-ion cells as well as a facility to produce the newly added Tesla Semi. The company has said it expects the new-generation battery cells, about the size of a beer can, to be more energy-dense and lower cost than its current 2170 cells. That’s a requirement to power heavy new models like the electric big rig and chunky Cybertruck pickup that may arrive this year.
Tesla currently has the largest battery production operations in
Keep reading this article on Forbes Business.
