SPARKS, NV—Tesla Inc. plans to invest more than $3.6 billion at its 5.4-million-square-foot gigafactory here. The automaker will build two new facilities at the sight, which is located just east of Reno.
One factory will mass-produce 4680-type cylindrical battery cells. Tesla claims the plant will have a capacity to produce enough batteries for 1.5 million light-duty vehicles annually. The company also plans to build a new plant to assemble its Semi truck.