The investment in this factory, which notably builds the manufacturer’s electric truck, is greater than the sum initially invested in the project.
Tesla is betting big on its Nevada mega-factory. The American manufacturer of electric cars announced Tuesday in a press release an investment of “more than 3.6 billion dollars”, to expand its Nevada factory, in which its electric truck, called Semi, is manufactured in particular. “We will invest more than $3.6 billion more to continue developing the Nevada gigafactory,” Tesla said in its statement. This is an amount slightly higher than the initial investment for the construction of the factory, which amounted to 3.5 billion dollars in 2014, recalls Tesla.
In reality, two new factories will be created, specifies the manufacturer: the first will manufacture cells for the batteries, with the “capacity to produce enough batteries for 1.5 million light vehicles per year”, and the second will be the “Semi’s first high-volume manufacturing plant”. Tesla plans to recruit 3,000 people there. The Nevada plant is Tesla’s first “mega-factory,” and began producing batteries in 2017. Since announcing construction in 2014, Tesla says it has invested $6.2 billion in Nevada, and having directly hired more than 11,000 people.
This article is originally published on capital.fr