The Tesla Gigafactory in Nevada just hit a milestone during its Q2 2018 final week.
In the company’s Q2 2018 Update Letter, it stated that the Tesla Gigafactory 1 located in Nevada has reached a battery production run rate of 20 GWh. This makes the Nevada facility the highest-volume battery manufacturer in the world.
“At the end of July, Gigafactory 1 battery production reached an annualized run rate of roughly 20 GWh, making it the highest-volume battery plant in the world by a significant margin. Consequently, Tesla currently produces more batteries in terms of kWh than all other carmakers combined,” Tesla announced.
To date, the Gigafactory 1 produces 75 to 100 kWh battery packs which are deemed bigger than those manufactured by other automakers. Should Tesla add up all the run rate from its three battery cell production lines, it could reach an annual production rate of 35 GWh.
However, despite the said achievement, the volume is still reportedly not enough to accommodate the battery needs of Tesla. The company is allegedly working with Panasonic to further increase their battery cell production rate.
Gigafactory 1 battery production has reached an annualized run rate of ≈20 GWh – more kWh than all other carmakers combined pic.twitter.com/wFIB7E72rX
— Tesla (@Tesla) August 2, 2018
“Production at Tesla is gaining momentum. We are ramping up a new battery production line now and expect the business to contribute not just to our revenue but also to our profit from the second half starting in October,” Hirokazu Umeda, Chief Financial Officer of Panasonic, said.
Tesla also stated in its shareholder letter that it plans to increase its Model 3 production to 10,000 electric cars every week this year.
“We believe that the majority of Tesla’s production lines will be ready to produce at this rate by end of this year, but we will still have to increase capacity in certain places and we will need our suppliers to meet this as well,” the company wrote.