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Tesla is investing an additional $3.6 billion into Nevada Gigafactory


In brief: Tesla's Gigafactory in Nevada will continue to grow thanks to an additional infusion of cash. The electric automaker has announced plans to invest over $3.6 billion more into the massive 5.4 million square foot battery and component complex. The expansion calls for two new facilities including a 100 GWh 4680 cell factory capable of producing enough batteries for 1.5 million light duty vehicles annually and the company's first high-volume Semi factory.

Tesla unveiled its 4680 battery cell format during its battery day keynote in 2020. The cell measures 46mm x 80mm (hence the 4680 name) and produces five times the energy, six times the power and affords a 16 percent range increase courtesy of the new design.

The Semi was introduced way back in 2017 and was supposed to enter production a couple of years later. Manufacturing would not start until 2022, however ...


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