Electric Mobility

Battery to the Future

A prototype of the Tesla Model 3 is on display in front of the factory during a media tour of the Tesla Gigafactory which will produce batteries for the electric carmaker in Sparks, Nevada, U.S. July 26, 2016. REUTERS/James Glover II/File Photo GLOBAL BUSINESS WEEK AHEAD PACKAGE - SEARCH "BUSINESS WEEK AHEAD AUG 1" FOR ALL IMAGES
A prototype of the Tesla Model 3 on display in front of the Gigafactory, which will produce batteries for the electric carmaker.
  • Why it matters

    Why it matters

    German carmakers are facing a decision that will shape their future and that of the German economy for decades.

  • Facts

    Facts

    • U.S. automaker Tesla’s Gigafactory could lower production costs of the lithium-ion batteries that power electric cars by at least 30 percent.
    • Germany’s Daimler is producing batteries for its electric cars and hybrids but also for home and industrial energy-storage units.
    • Stuttgart-based car parts supplier Bosch is involved in what might be groundbreaking fuel-cell research.
  • Audio

    Audio

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The U.S. state of Nevada is famous throughout the world for its gambling industry. But now one of the world’s most daring and costly gambles isn’t being taken in a Las Vegas casino or at a Reno poker table. The roll of the dice is on Electric Avenue in Sparks, a desert location 22 miles (35 kilometers) east of Reno.

Entrepreneur Elon Musk of Tesla Motors and Japanese company Panasonic will soon officially open the Gigafactory, a $5-billion facility that will produce lithium-ion batteries.

“We will probably be three times as efficient as the best factory in the world,” said Silicon Valley tycoon Mr. Musk. “The exit rate of cells from Gigafactory will be faster than bullets from a machine gun.”

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