The entrepreneur expects to produce 150 GWh of lithium-ion battery cells each year to support 1.5 million electric vehicles. The factory also anticipates creating 500,000 cars per year before 2020 (not so crazy when you know there are already 400,000 cars on order!).
In partnership with Panasonic they have begun manufacturing the “2170 battery cell” to be used in Tesla’s Powerwall 2 and Powerpack 2 energy products. Next in line is the battery for the Tesla Model 3, priced affordably at $35,000 (expected to be on the assembly line this year).
The factory itself is being constructed in phases. When complete, the 10 million square foot structure should be the biggest building in the world (currently it stands at 30% complete with a footprint of 1.9 million square feet!).
The finished Gigafactory will employ 6,500 people and indirectly create another 20,000 to 30,000 jobs in the surrounding area. A second factory is being planned for Europe, its location currently undisclosed.}