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Tesla's Gigafactory to significantly reduce Li-ion battery production costs by 2020

  proposed technology amalgamation in the form of the Gigafactory could theoretically reduce per kWh and lithium-ion costs by over 30 percent by 2020.
Pitched as a "forward looking project," Tesla’s proposed Gigafactory will, if successful, produce the same number of lithium-ion batteries by the year 2020 as the entire world’s output in 2013. According to Tesla, by working with various technology and battery partners on this large scale project, the company could significantly reduce production costs by achieving optimal economies of scale.

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