The company claimed that through economies of scale, elimination of waste, a tighter supply chain, vertical integration, and process optimization, that the cost of batteries could be greatly reduced to make a mass market EV feasible.
Under Tesla’s first strategy, the Gigafactory will be ramped up to manufacture batteries for 500,000 EVs per year by 2020.
Also Read Part Three: The Rise Of Tesla Part Three.
infographic by: www.visualcapitalist.com
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