Tesla Charges Ahead With Plans for Huge Battery 'Gigafactory' in U.S.

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Tesla is charging ahead with Panasonic on plans for a giant new battery factory.

The two companies announced their plans on Thursday to open a new factory in the United States.

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Neither company has revealed where in the U.S. the facility might be built; the competition remains fierce.

Contenders reportedly include Stockton, California; Arizona; Nevada; and New Mexico.

Tesla says the factory would provide 6,500 jobs by 2020, which would be split among two major operations: producing batteries for Panasonic’s operations and producing batteries for the packs Tesla uses in its vehicles. Read more...

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