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expansion","tesla-takes-on-byds-crown-with-100-gwh-nevada-expansion","article/tesla-takes-on-byds-crown-with-100-gwh-nevada-expansion",{"_uid":547,"date":548,"tags":549,"editor":553,"content":563,"excerpt":691,"featured":51,"reporter":692,"_editable":696,"component":697,"seo_title":543,"categories":698,"visibility":705,"author_company":49,"featured_image":706,"seo_description":691,"author_full_name":49,"author_job_title":49,"formattedDate":710,"formattedArticleDate":711},"f4f503a2-0839-4ee4-9a4e-204805ec924b","2023-01-25 00:00",[550],{"slug":551,"name":552},"tesla","Tesla",[554],{"slug":555,"name":556,"content":557},"matthew-bird","Matthew Bird",{"job_title":558,"image":559,"bio":561,"linkedin":562},"Senior Editor - Supply Chains & Data Visualisation",{"filename":560},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":564,"content":565},"doc",[566,583,596,601,606,611,616,621,626,631,640,649,654,659,671,676,681,686],{"type":567,"attrs":568,"content":569},"paragraph",{"textAlign":49},[570,573,581],{"text":571,"type":572},"Tesla has extended its lead in ","text",{"text":574,"type":572,"marks":575},"battery production",[576],{"type":577,"attrs":578},"link",{"href":579,"uuid":49,"anchor":49,"target":49,"linktype":580},"https://source.benchmarkminerals.com/article/tesla-lays-down-2-twh-battery-challenge-to-panasonic","url",{"text":582,"type":572}," with the announcement of a 100 gigawatt hour battery cell expansion in Nevada, which could make it the largest producer of batteries among western automakers behind China’s BYD. ",{"type":567,"attrs":584,"content":585},{"textAlign":49},[586,588,594],{"text":587,"type":572},"The automaker said it would invest $3.6 billion to expand its Nevada gigafactory, building a 100 GWh factory to produce its ",{"text":589,"type":572,"marks":590},"larger format 4680",[591],{"type":577,"attrs":592},{"href":593,"uuid":49,"anchor":49,"target":49,"linktype":580},"https://source.benchmarkminerals.com/article/tesla-supplier-lges-to-build-4680-battery-production-capacity",{"text":595,"type":572}," cells as well as a separate factory to produce its Semi electric truck. ",{"type":567,"attrs":597,"content":598},{"textAlign":49},[599],{"text":600,"type":572},"That would take Tesla’s total planned battery capacity out to the end of the decade to 439 GWh, according to Benchmark’s Gigafactory Assessment – close to BYD’s 546 GWh of forecast annual capacity in China. ",{"type":567,"attrs":602,"content":603},{"textAlign":49},[604],{"text":605,"type":572},"The move signifies Tesla’s determination to ramp up its own cell making capacity to drive down the cost of battery cells to as low as $70 per kilowatt-hour. The company has been increasing production of its own 4680 cells in California and at its gigafactory in Texas, tripling production in the third quarter of last year from the previous quarter. ",{"type":567,"attrs":607,"content":608},{"textAlign":49},[609],{"text":610,"type":572},"Elon Musk, Tesla’s chief executive, said the plant’s production could rise to 500 GWh a year, and Tesla eventually wanted to produce over 1,000 GWh of its own cells annually. ",{"type":567,"attrs":612,"content":613},{"textAlign":49},[614],{"text":615,"type":572},"“Tesla has prioritised the ramp up of US based cell capacity over the past year, having previously made the decision to move battery manufacturing equipment from Giga Berlin to its facility in Austin, Texas,” Evan Hartley, an analyst at Benchmark, said. “This new expansion plan in Nevada signifies a continued focus on domestic cell production.”",{"type":567,"attrs":617,"content":618},{"textAlign":49},[619],{"text":620,"type":572},"Panasonic currently makes battery cells at Tesla’s Nevada gigafactory, but it is unclear whether the Japanese company will be involved in the 100 GWh expansion. ",{"type":567,"attrs":622,"content":623},{"textAlign":49},[624],{"text":625,"type":572},"The expansion of an existing facility will allow Tesla to “more easily accelerate capacity ramp up, and reduce cost,” using existing energy and labour infrastructure, as well as an established supply chain, Hartley said. ",{"type":567,"attrs":627,"content":628},{"textAlign":49},[629],{"text":630,"type":572},"The US Inflation Reduction Act also provides tax credits of up to $35 a kWh for battery cell production in the US. ",{"type":567,"attrs":632,"content":633},{"textAlign":49},[634],{"type":635,"attrs":636},"image",{"id":49,"alt":637,"src":638,"title":49,"source":49,"copyright":49,"meta_data":639},"","https://a.storyblok.com/f/287943243085208/ee5d66370e/bm-tesla-gigafactory-nevada.png",{},{"type":641,"attrs":642,"content":644},"heading",{"level":643,"textAlign":49},4,[645,647],{"text":646,"type":572},"Automakers ",{"text":648,"type":572},"move into batteries ",{"type":567,"attrs":650,"content":651},{"textAlign":49},[652],{"text":653,"type":572},"The world’s largest automakers are targeting their own battery production capacity, to ensure they can secure the supplies they need to meet their electric vehicle targets. ",{"type":567,"attrs":655,"content":656},{"textAlign":49},[657],{"text":658,"type":572},"General Motors has a joint venture with LG Energy Solution to build at least three plants in the US, while Ford and SK On aim for three plants. Stellantis is also building a battery factory in Indiana with Samsung SDI. ",{"type":567,"attrs":660,"content":661},{"textAlign":49},[662,664,669],{"text":663,"type":572},"Tesla currently relies on Panasonic as well as ",{"text":665,"type":572,"marks":666},"LG Energy Solution",[667],{"type":577,"attrs":668},{"href":593,"uuid":49,"anchor":49,"target":49,"linktype":580},{"text":670,"type":572}," and China’s CATL for supplies of lithium ion batteries but has been ramping up its own production of its larger format 4680 cells at its factories in Fremont and in Austin, Texas. ",{"type":567,"attrs":672,"content":673},{"textAlign":49},[674],{"text":675,"type":572},"Tesla first revealed its 4680-type cell at its 2020 Battery Day event claiming that the larger cell can help reduce costs and increase energy density. ",{"type":567,"attrs":677,"content":678},{"textAlign":49},[679],{"text":680,"type":572},"The latest investment in Giga Nevada takes the total funding at the site to almost $10 billion since 2014 when Tesla first invested $6.2 billion to build a 5.4 million square foot gigafactory capable of producing 37 GWh of battery cells annually—enough to manufacture about 500,000 vehicles per year.",{"type":567,"attrs":682,"content":683},{"textAlign":49},[684],{"text":685,"type":572},"Musk said the $3.6 billion investment for the new factory was a “conservative” estimate and the cost was likely to be over $4 billion.",{"type":567,"attrs":687,"content":688},{"textAlign":49},[689],{"text":690,"type":572},"Tesla delivered 1.3 million vehicles in 2022, up 40% from a year ago. ","Tesla has extended its lead in battery production with the announcement of a 100 gigawatt hour battery cell expansion in Nevada, which could make it the largest producer of batteries among western automakers behind China’s BYD. The automaker said it would invest $3.6 billion to expand its Nevada gigafactory, building a 100 GWh factory to […]",[693],{"slug":555,"name":556,"content":694},{"job_title":558,"image":695,"bio":561,"linkedin":562},{"filename":560},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"f4f503a2-0839-4ee4-9a4e-204805ec924b\", \"id\": \"\"}-->","article",[699,702],{"slug":700,"name":701},"batteries","Batteries",{"slug":703,"name":704},"ev","EV","private",{"id":49,"alt":637,"name":637,"focus":637,"title":637,"source":637,"filename":707,"copyright":637,"fieldtype":708,"meta_data":709,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/b60068c23d/bm-tesla-semi.jpg","asset",{"alt":637,"title":637,"source":637,"copyright":637},"Jan 25, 2023","25th January 2023",[],[],1784908385363]