Tesla is making good on promises to invest and hire at its massive Gigafactory in Nevada.
According to Electrek, the carmaker will spend $350 million and hire 500 workers to ramp up production of drivetrains for its forthcoming Model 3 mass-market vehicle, which will be priced at $35,000.
Tesla already has a factory in Fremont, CA, building its Model S sedan and Model X SUV.
But last year it indicated that it could do the Model 3 drivetrains in Nevada, where it has partnered with Panasonic to greatly increase production of lithium-ion battery makes.
Constructing the packs and pairing them with electric motors and transmissions makes a certain amount of sense, although the Gigafactory is roughly 250 miles from Fremont, adding logistics issues to Tesla's manufacturing and assembly processes.
The Fremont factory also has a manufacturing capacity of around 500,000 vehicles annually — based on output when the plant was called NUMMI and was a joint venture between Toyota and General Motors — but thus far the most Tesla has been able to produce is about 85,000 in 2016.
Source: business insider
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