Tesla will make investments greater than $3.6 billion to increase its manufacturing footprint in Nevada, the corporate introduced yesterday.
The EV maker plans to construct two new factories: a battery plant to supply 4680 battery cells, in addition to its first high-volume semi truck manufacturing unit. The corporate mentioned the cell manufacturing unit will produce sufficient batteries to energy 1.5 million gentle responsibility autos a 12 months.
As a part of the mission, Tesla plans to rent 3,000 staff.
The investments add to Tesla’s current 5.4 million-square-foot gigafactory within the state, which started producing battery cells in 2017. Since launching the gigafactory mission in 2014, the corporate has spent $6.2 billion in Nevada, using greater than 10,000 folks, in line with a 2022 Tesla financial and financial impression evaluation.
Nevada Gov. Joe Lombardo applauded the growth in his state of the state speech on Monday.
“Whether or not it’s closing the lithium loop, unlocking innovation and funding in logistics, leisure, science and expertise, or embracing entrepreneurship, the message is, that Nevada is able to associate,” Lombardo mentioned. “I’m wanting ahead to becoming a member of Elon Musk and the staff at Tesla tomorrow after they unveil plans to construct a model new … superior manufacturing facility in northern Nevada for the corporate’s all-electric semi-trucks.”
Tesla’s EV semi vehicles, one in all its newer ventures, have made headlines in latest months because the EV firm made its first supply of the autos to PepsiCo at an occasion in December. The beverage firm first ordered Tesla EV semis in 2017 and plans to roll out 100 of the vehicles this 12 months, PepsiCo VP Mike O’Connell instructed Reuters final month.
Tesla’s contract producers have additionally been increasing in latest months. In July, Panasonic, which counts Tesla as one in all its greatest prospects, introduced plans to open a $4 billion battery manufacturing website in Kansas.