Tesla Motors finaly opened its Gigafactory 1, massive plant, in which it plans to produce electric batteries for it's growing familly of electric cars and to support Elon Musk's dream to produce 500.000 cars a year.
The factory, which was built in cooperation with japanese electronic giant Panasonic and other investors, when totaly completed, will stretch on almost a million square meters and will be able to cope with annual production of lithium-ion batteries with total capacity of 35 gigawatt-hours. Let us mention, that one gigawatt-hour is milion times that of one kilowatt-hour.
The serial production should start by the beginning of next year and by 2020 Gigafactory should reach full production and lower the costs of pruducing lithium-ion batteries by 30 percent.
The Gigafactory 1, which was opened today, at the moment is just 14 percent of final planned size, but it should be enough to support productin of current models Tesla S and Tesla X, and Tesla Model 3, which is planned to go into volume production in next 12 to 18 months.