Tesla's Grand Manufacturing: Announcing the Gigafactory Battery Plant Plan

In July 2014, electric vehicle manufacturer Tesla announced its ambitious plans for the Gigafactory battery plant. The factory, eventually located in Nevada, USA, was designed to vastly increase the production of lithium-ion batteries to meet the exploding demand for its EVs and energy storage products.

Tesla’s goal was to use this vertical integration and massive scale to reduce battery costs, making electric vehicles more affordable for the mainstream consumer. This decision signaled that Tesla was not just a car company, but a force in energy innovation and large-scale manufacturing, with its disruptive investment in battery production having a critical impact on global EV adoption.