Automaker is making new plans to expand use of factory beyond batteries. The automaker, just weeks after announcing new information about its massive Gigafactory, is laying new plans to expand the use of factory beyond batteries. The electric car making giant is planning to use the massive factory to make the electric motors and gearbox components for its upcoming Model 3 EV.
Tesla confirms the details that Sandoval disclosed
Model 3 is the first bid of the company towards making an affordable electric vehicle for the average buyer. Tesla Motors, until now, has primarily referred to the Gigafactory as its lithium ion battery manufacturing facility whereas its vehicles are made in Fremont, California. On Tuesday, Nevada Governor Brian Sandoval, announced the new plans in his State of the State address.
According to the comments of the governor, the electric carmaker will be investing $350 million for the project and hire an additional 550 people. According to the comments made by the director of the governor’s Office of Economic Development, Steve Hill, (hiring 550 people) will be over and above the existing commitment of the company. The comments by Steve Hill were made to Nevada newspaper ‘the Nevada Appeal.’
The automaker confirmed thee details that Sandoval disclosed. Tesla posted, “Pleased to announce that @TeslaMotors will expand its investment in #NV by producing electric motors & gearboxes at #Gigafactory #nvsots”
Panasonic aiming to move its partnership with Tesla beyond batteries: CEO
Elon Musk, the CEO of Tesla Motors, has made manufacturing efficiency a high priority for the tech giant but the automaker will need a lot of factory floor to meet its aim of producing around 500,000 cars by the end of next year, and then producing one million vehicles by 2020. The city of Fremont, in the meantime, approved the application of the electric car maker for an extra 4.6 million square feet of space.
Panasonic Corp. is aiming to extend its partnership with automaker Tesla Motors Inc. into self-driving technology as the Japan-based conglomerate continues to shift its focus to the car business. Panasonic is the exclusive supplier of batteries for Model X, Model 3 and Model S of the automaker. Also, the company is planning to contribute $1.6 billion to the $5 billion battery factory of Tesla Motors.
In an interview on Thursday, Panasonic’s chief executive officer Kazuhiro Tsuga said they are deeply interested in the self-driving system of Tesla Motors. Tsuga said, “We are hoping to expand our collaboration by jointly developing devices for that, such as sensors.”