Tesla’s battery Gigafactory is on track image

With Elon Musk making numerous appearances these days to talk about its projects, from the Tesla Motors’ sales forecasts to his Hyperloop transportation system, we took another look to find if there was anything left out.

And it appears to be so, concerning the upcoming apparition of the world’s largest Li-Ion battery factory – dubbed the Gigafactory. According to home and construction resource startup BuildZoom, the California-based electric automaker has been following on its plans for the factory, with building permits showing that Tesla is now getting close to the actual laying of the ground for the Gigafactory. The manufacturing facility should become fully operational by 2020 and churn out more than 500,000 battery packs each year for the manufacturer and Musk’s other projects – including a company that aims to sell them as storage systems. The electric automaker needs the added capacity as it opens up the model range to include the Model X crossover this year and an affordable elctrci sedan called Model 3 from 2017.

Nicknamed “Project Tiger,” the initial building permits show us a glimpse of the sheer size and costs of an endeavor that has been initially estimated at costing $5 billion. Back in September, Musk carefully closed a deal with Nevada Governor Brian Sandoval for ownership of a 980-acre site outside of Reno to become a main industrial hub for the Palo Alto-based carmaker. Work for the foundation started in October and only laying the foundation will cost $16 million, with the factory being as large as 10 million square feet and filled with one or two-stories buildings.

Via Forbes