Report – Tesla chooses Nevada for its battery “gigafactory” image

Tesla Motors Inc is on the verge of signing a deal to build its first lithium-ion battery plant in Nevada and will make an official announcement later today, according to a person familiar with the matter.

The person who chose to remain anonymous said that the electric carmaker is working on the final details, but that all the signs hint at Nevada as the choice for the automaker’s gigafactory.

According to the state’s Governor media advisor Brian Sandoval, there will be a news conference today in Carson City to make a “major economic development announcement.” Citing a source from the governor’s office, CNBC earlier reported that Nevada was the winner among the last five states which were in line to be the site of a $5 billion plant that is aims to build cheaper and more efficient battery packs for Tesla’s future electric cars.

Tesla has previously announced a partnership with Japanese electronics giant, Panasonic Corp, to open a battery factory in the United States in 2017. This July, Tesla announced it had broken ground near Reno, Nevada, for a possible factory but that it was in talks with several states before choosing a final site. The carmaker also outlined a plan to develop more than one site at the same time to reduce any risks of delays.