Technology

Tesla CEO Elon Musk Confirms Gigafactory 2 Will Be In Europe

Tesla CEO Elon Musk has confirmed plans for a broader international expansion for the company outside the United States. On Tuesday, it was announced that Musk had acquired German engineering firm Grohmann Engineering. And now, Musk has confirmed that the Gigafactory 2 will be built in Europe sometime in 2017.

Gigafactory 1 is currently in Storey County, Nevada, and it manufactures batteries through a largely automated process. But Gigafactory 2 will take it to the next level by manufacturing entire cars.

“Combined with our California and Michigan engineering facilities, as well as other locations to follow, we believe the result will yield exponential improvements in the speed and quality of production, while substantially reducing the capital expenditures required per vehicle,” a Tesla company statement revealed.

Tesla CEO Elon Musk Confirms Gigafactory 2 Will Be In Europe

Source: YouTube

This news comes on the heels of Tesla acquiring SolarCity, a company focused on full-service solar power systems. Coupled with Grohmann Engineering, and now the Gigafactory 2, Tesla is looking to increase production to roughly half-a-million cars per year by 2018.

Tesla has been trying to change its public image in the wake of a fairly disastrous October in terms of sales. In addition to the big news about Grohmann and the Gigafactory 2, Tesla announced plans to expand into Ireland in 2017, while also branching out into an in-house automotive glass division. In short, it’s looking like there’s a lot to get excited about for Tesla Motors. Here’s hoping, anyway.

But what do you think about the latest news on the Gigafactory 2? Sound off in the comments!

And for more on Tesla, read up on the new improvements coming to the Model X in 2017!

Technology CarsElon MuskNewsTesla

Got Something to Add?