(Reuters) -- Tesla said on Tuesday it would invest more than $3.6 billion to expand its Gigafactory Nevada complex with two new factories, one to mass-produce its long-delayed Semi electric truck and the other to make its new 4680 battery cell.
The cell plant would be able to make enough batteries for 2 million light-duty vehicles annually, including batteries using the 4680-type cell. The 4680 is key to Tesla meeting a goal of halving battery costs and ramping up battery production nearly 100-fold by 2030.
