Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Tesla plans battery manufacturing facility under project 'Roadrunner': document

share with twitter share with LinkedIn share with facebook
06/24/2020 | 09:59pm EDT
FILE PHOTO: The Tesla logo is seen on a car at Tesla's showroom in Manhattan's Meatpacking District in New York

Tesla Inc plans to build a battery research and manufacturing facility in Fremont, California, to be operated around the clock, under a project dubbed Roadrunner, documents from the city government showed.

The plan signals the U.S. electric vehicle (EV) maker's efforts to make its own automotive batteries, EVs' most expensive components.

Tesla, which said it currently has a "small-scale" battery manufacturing operation in Fremont, applied for city government approval to build an expanded battery operation. It estimated construction of the project, including the installation of all manufacturing equipment, can be completed in around 3 months.

Workers assigned to the facility would total 470, of which 400 would "work in shifts, such that there are 100 employees working at manufacturing and production operations at any given time, all day, every day."

Tesla did not immediately respond to Reuters' request for comment.

Chief Executive Elon Musk earlier this week said it will give a tour of Tesla's battery cell production on Sept. 15, the tentative date for what the automaker has dubbed Battery Day.

Tesla currently produces batteries with Japan's Panasonic Corp at the so-called Gigafactory near Reno, Nevada. It also has battery contracts with South Korea's LG Chem Ltd and China's Contemporary Amperex Technology Ltd.

(Reporting by Hyunjoo Jin in Seoul; Editing by Christopher Cushing)

Stocks mentioned in the article
ChangeLast1st jan.
CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED -3.41% 204.29 End-of-day quote.92.00%
LG CHEM, LTD. 9.71% 746000 End-of-day quote.134.96%
LG CORP. 4.12% 86000 End-of-day quote.16.53%
PANASONIC CORPORATION -1.74% 891.2 End-of-day quote.-13.43%
TESLA, INC. -2.48% 1452.71 Delayed Quote.247.26%
share with twitter share with LinkedIn share with facebook
Latest news "Economy & Forex"
05:48pCOVID-19 punishes Buffett's Berkshire Hathaway
RE
05:24pTrump signs coronavirus relief orders after Congress stalls
RE
05:24pMemorandum on Authorizing the Other Needs Assistance Program for Major Disaster Declarations Related to Coronavirus Disease 2019
PU
05:24pPRESIDENT OF UNITED STATES : Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster
PU
05:11pLibya's National Oil Corp warns of dangers at oil ports
RE
02:58pGeneral Dynamics' Bath Iron Works unit, union reach deal to end strike
RE
02:50pGeneral Dynamics says Bath Iron Works, union reach deal to end strike
RE
01:59pNOC NATIONAL OIL : National Oil Corporation (NOC) chairman speaks about the risks posed by oil blockades and the presence of mercenaries as well as the effects of the militarization of oil facilities on workers and local population safety
PU
01:50pU.S. CDC reports 4,920,369 coronavirus cases
RE
01:22pTrump signs coronavirus relief orders after talks with Congress break down
RE
Latest news "Economy & Forex"