GigaFactories

GigaFactories are large-scale manufacturing facilities primarily designed to produce electric vehicle batteries and other components, such as those for renewable energy systems. The term gained popularity with Tesla's Gigafactory in Nevada, which aims to significantly boost battery output to support electric vehicle adoption and reduce production costs through economies of scale. These factories streamline the supply chain, integrate advanced technologies, and often focus on sustainability. By producing vast quantities of batteries and other materials, GigaFactories play a crucial role in the transition to a clean energy economy and the advancement of electric vehicles.