Tesla build batteries, electric cars are expected to be cheaper

Whether it's Tesla, BYD in China, or Nissan in Japan, their electric cars are expensive compared to their peers. The cost of batteries has been high, leading to the concept of electric vehicles is very good, but it is difficult to promote large-scale. Tesla, one of the leading companies in the electric-car industry, and a leader in battery technology, naturally wants to change that. Many media outlets yesterday disclosed that Panasonic would invest 1 billion of dollars and Tesla to build a large battery factory to lower battery costs. Affected by this good news, Panasonic shares rose 5.27% on the day. Today, the Tesla battery has more accurate information. How big will this battery factory be? It is expected that the production of lithium-ion batteries by 2020 will exceed the world's lithium-ion battery production by 2013. With the expansion of the industry, the cost of lithium batteries will also be reduced, the cost of batteries per kilowatt hour will be lowered by more than 30%, which will be a big boost for the future of the electric car industry. Musk the factory as "gigafactory", literally "thousand Mega Factory", alluding to the factory's capacity is the megawatt-time level (GWH). Last year Tesla's electric cars used more than one-third of the industry's batteries, relying on Panasonic's supply and long-term partnerships to lay the foundation for two of the world's largest lithium-ion battery factories. In addition, Musk said in a conference call, in addition to Panasonic, Gigafactory will have some other partners. Tesla, which has a market capitalisation of more than $30 billion trillion, will invest $2 billion in the factory, with other partners contributing 2 billion to 3 billion dollars, with Panasonic's Japanese side expected to invest 1 billion dollars. Yesterday, Tesla announced that it would underwrite a 1.6 billion-dollar convertible bond that was listed, or could be seen as preparing for the gigafactory. Gigafactory is expected to be officially launched in 2017, covering 10 million square feet (about 930,000 square meters), employing 6,500 workers. Musk says Gigafactory will be built in a place where sunlight and wind resources are plentiful, Lenovo's Tesla assembly plant is in California, and a few states closer to California will be New Mexico State, Nevada State and Arizona, State. And according to Musk last year at the D11 conference, the civilian version of the Tesla electric car priced at about 35000 dollars will also be listed in about 2017 years, when battery technology will go forward. Musk's battery-factory plan may be in close contact with the civilian version of Tesla. And don't forget, Musk, except Tesla andSpace X, energy company SolarCity is also his industry, in addition to lithium batteries, renewable energy batteries or will be one of the gigafactory projects, or why choose the sun and wind resources adequate places? Musk has been in the traditional auto industry a day, the next step, perhaps to go down, in the energy industry to do a big job.