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