Tesla Signed Up with Panasonic for building a Gigafactory to Produce massive Li-Ion Batteries

Image courtesy : Tesla Motors

Tesla has finally agreed with Panasonic for Tesla’s first $191-291 million gigafactory construction in order to stock the machinery and reports estimated the total investment for the constrcution will be around $5 billion.

It seems Tesla made a first step in the right direction to significantly increase the volume of production of Li-Ion batteries by 2020, in turn to decrease the price.

Despite all the rumors and troubles Tesla is going through, this mega construction will begin by the end of this year.

Hopefully more Tesla fans can take advantages of the factory in the near future.


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