USA: 18 gigafactoriesDespite being the country where Elon Musk...

USA: 18 gigafactories

Despite being the country where Elon Musk pioneered the development of EVs and gigafactories, the US lags behind China and Europe.

This can be attributed, in part, to the lack of enthusiasm among lawmakers to incentivise renewable energy and EV uptake. Until recently, only a few states like California had their own incentive schemes.

However, EV uptake, and thereby gigafactory production, may accelerate in the coming years thanks to abrand new federal incentivesigned into law by President Joe Biden.

In addition to iM3NY’s gigafactory and the four US-based Tesla factories,it’s estimated there are 13 more on the way– bringing the total to 18 gigafactories in the United States.

Other countries: ?

There isn’t a lot of info about how many gigafactories have been built or proposed in most other countries, but there’s at least one in South Korea – while Australia, Japan and India all appear to have plans underway for their own gigafactories.

Why are gigafactories important?

Gigafactories are important because they create jobs, reduce the cost of solar panels and electric cars, and drive innovation in renewable energy.
For example, Imperium3 New York (iM3NY) is an Endicott, New York-based battery production facility that recently received a federal grant with help from Chuck Schumer, the US Senate Majority Leader representing New York (our company, Magnis Energy is the majority shareholder in this project).
iM3NY founder and Chairman Dr. Shailesh Upreti describes his project as ‘the world’s greenest gigafactory’[AN1] thanks to their use of hydropower to power the plant.
Dr. Upreti believes that green chemistry and engineering principles should be applied at every scale from design to disposal. This belief has led him to set ambitious ethos targets: one hundred percent renewable energy for all operations.
Additionally, Upreti expects the project will employ 150 people and indirectly bring additional 200+ jobs to Endicott within the next 12-18 months as production ramps up.
With Dr. Upreti’s mentor and colleague Nobel Laureate Dr. Stan Whittingham on the board, iM3NY is in good hands. Dr. Wittingham’s early work on lithium-ion batteries earned him a Nobel Prize for chemistry in 2019 and the moniker ‘father of the lithium battery’.


Industry avg per kWh is USD$186
32GWh = just under $6 billion per annum revenue for iM3NY
MNS owns 60% of iM3NY = $3.6 billion per annum from 2028 onward

Tesla pays an average of $142 per kWh for battery cells versus $169 per kWh for GM and an industry average of $186 per kWh.

https://www.cnbc.com/amp/2021/03/10/teslas-lead-in-batteries-will-last-through-decade-while-gm-closes-in-.html

https://magnis.com.au/what-is-a-gigafactory/