Tesla Chooses Nevada for Battery ‘Gigafactory’, Reports Say

Tesla Chooses Nevada for Battery ‘Gigafactory’, Reports Say

by Jessica

Tesla chooses Nevada as the site for its battery factory called “gigafactory.”

Reports said the massive lithium-ion battery factory of the electric car manufacturer is worth $5 billion and expected to employ up to 6,500 employees.

Nevada Governor Brian Sandoval will make the development announcement on Thursday in Carson City.

Simon Sproule, Tesla spokesman, refused to comment on the deal but confirmed company’s officials would be at Sandoval’s media announcement.

Two months ago, the automaker said it had signed partnership with Japanese electronics company Panasonic to build the factory.

Tesla chooses between Nevada, California, Texas, Arizona, and New Mexico as possible locations for the factory.

Tesla CEO Elon Musk earlier said the winning state would be expected to give tax incentives worth round $400 million.

The factory is expected to produce advanced batteries to power the next generation of Tesla’s electric cars and also supply batteries for other carmakers.