From Mashable
Tesla Motors announced on Wednesday its plans to build a "Gigafactory" to produce lithium-ion battery cells, ramping up technology that could potentially revolutionize the utilities and auto industries.
Designed to reduce cell costs "much faster than the status quo," the Gigafactory aims to produce more lithium-ion batteries annually by 2020 than were produced worldwide last year, according to a Tesla blog post.
See also: Tesla Stock Surges: Can It Shake Up Utilities, Too?
Tesla said it hopes that the Gigafactory “will have driven down the per kWh .. Read More
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