What Tesla’s new Gigafactory means for electric vehicles

  |   Tech News

Tesla‘s new Gigafactory opened at the end of July in Nevada, with much excitement from both the media and the general public. Only 14 percent of the massive structure has been built, with the rest of the $5 billion project to be concluded by 2020. In addition to being cool, it offers unprecedented economies of scale for lithium-ion battery production, lowering the price from $190 per kWh in April 2016 to an estimated $130 per kWh once complete

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