Batteries, Not Cars, May Be the Reason for Tesla to Go to India
Lithium battery scientist and Head of Energy Storage at Bloomberg NEF, James Firth, tweets a bar graph showing that the production of EV batteries may be the best reason for Tesla to go to India. The estimate lists India as the lowest cost country for manufacturing cells, which with subsidies, could reduce costs significantly - enough to be a game-changer and bring Tesla to India.
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Car Sales May Not Be Not Enough
Multiple news stories since last year have speculated whether Tesla would go to India to build yet another Gigafactory as a way to increase production with reduced costs; while at the same time, broaden Tesla EV ownership globally.