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Tesla head says planning battery plant in India

  • Taking a long-term view of his business, Tesla Motors CEO Elon Musk has
    said that it makes sense for the company to start its manufacturing operations
    with Gigafactory installations in India, Europe and China, due to high demand
    for its batteries, reported
    Gadgets360.
    • Taking a long-term view of his business, Tesla Motors CEO Elon Musk has
      said that it makes sense for the company to start its manufacturing operations
      with Gigafactory installations in India, Europe and China, due to high demand
      for its batteries, reported
      Gadgets360.
    •  

    • Prime Minister Narendra Modi has reiterated his commitment to
      realise the vision of 175 Gigawatts of clean energy by 2022 for the country,
      and the Gigafactory could help meet those goals. After touring the American
      automotive company’s campus, in September, he had expressed interest in using
      Tesla’s power storage technologies and its applications in rural areas.
    •  
    • “Given high local demand, a Gigafactory in India would probably
      make sense in the long term,” Musk said in response to a specific question
      about whether he would consider a factory in India too. Electric cars use
      lithium ion batteries and a manufacturing facility for such batteries is called
      Gigafactory.
    •  
    • Tesla’s Gigafactory, based in Nevada, USA is expected to begin
      production by 2017, and reach full capacity by 2020. At full production
      strength, the Gigafactory will produce more lithium-ion batteries annually than
      were produced worldwide in 2013.
    • Earlier this year, Tesla had introduced its home battery, named
      Powerwall, a lithium-ion battery to store energy at residential level for load
      shifting, backup power and self-consumption of solar power generation.

     

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