Domainb com Electric car maker Tesla to raise $1 6 bn to fund battery plant

20 Апр 2014 | Author: | Комментарии к записи Domainb com Electric car maker Tesla to raise $1 6 bn to fund battery plant отключены
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Electric car maker Tesla to $1.6 bn to fund battery

US electric carmaker Tesla Inc yesterday said that it to raise $1.6 billion investors to finance a new Gigafactory for lithium-ion batteries for its mass-market car.

The maker of the Model X car plans to raise $800 in convertible senior notes in 2019 and $800 million senior notes falling due in

In addition, Tesla intends to its underwriters a 30-day option to up to an additional $120 million of senior notes due 2019 and an $120 million of convertible notes due in 2021, taking the potential financing up to $1.84

The new plant nicknamed Gigafactory by Motors CEO Elon Musk, be built either in Nevada, New Mexico or Texas and employ up to workers to make batteries for cars a year from onwards.

The plant will be on an area of at least 1,000 and would be powered largely by and solar energy.

The Gigafactory manufacture smaller battery for its Gen 3 model, which would be a lot than its current Model S.

Tesla also plans to its battery packs to other car manufacturers like Toyota.

The company plans to pay $2 billion of the $4 — $5 billion investment in the through 2020, and hopes to the rest through strategic

Japan’s Nikkei business earlier reported that electronics giant Panasonic was to invest in Tesla’s Gigafactory and invite other Japanese to also invest in the integrated (See: Panasonic plans to in Tesla Motors’ new battery )

Panasonic is already a supplier of batteries to Tesla and has a contract to nearly 2 billion cells to over the course of four

Tesla said that its aim is to a mass market electric car in three years, and needs the to leverage its projected demand for ion batteries and reduce their by more than 30 per cent.

The scale factory will the car maker to achieve economies of and minimize costs through of logistics waste, optimisation of processes and reduced overhead.

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The Gigafactory is designed to reduce costs much faster by 2020, produce more ion batteries annually than produced worldwide in 2013.

in 2003 by Silicon Valley Elon Musk, Marc and Martin Eberhard, and named electrical engineer and physicist Tesla, the car maker designs and electric-vehicles (EVs) and their components.

It is currently the only in the US that builds and sells EVs in serial production and has delivered than 2000 Roadsters, the production automobile to use lithium-ion cells, to customers in North Europe and Asia.

Its first car, the Tesla hit the streets in early 2008 and years later, over Roadsters are driven in more 37 countries.

It currently produces the S and would bring in model X in the

It markets and sells its vehicles a network of 32 stores in North Europe, and Asia, as well as the Internet.

Japanese carmaker holds a 3.6-per cent in Tesla and is one of the biggest emerging in the electric car sector.

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