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Tesla’s Lithium-Ion Plant a Paradigm Shift for Graphite Demand

IMG Auteur

Global Metal News

Published : March 06th, 2014

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FOLLOW : G Mexico Lithium Market Mexico Tesla

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Category : Investing in Mining Stocks


	SOURCE:[Tech Venture News] – Last week electric car maker Tesla Motors (TSLA-NASDAQ) announced plans to construct the biggest lithium-ion battery factory in the world – likely in Arizona, Nevada, New Mexico or Texas. In its press release, Tesla stated: “As we at Tesla reach for our goal of producing a mass market electric car in approximately three years, we have an opportunity to leverage our projected demand for lithium ion batteries to reduce their cost faster than previously thought possible. The Gigafactory is designed to reduce cell costs much faster than the status quo and, by 2020, produce more lithium ion batteries annually than were produced worldwide in 2013. Read More

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