Tesla to Build $5 Bln Battery Plant - Presented by: The Aol. On Network

Tesla's big bet could be a game changer. The electric vehicle maker plans to build a $5 billion battery plant powered by wind and solar farms so it can produce a low-priced car within three years. Lithium is one of the priciest parts of an electric car. Tesla says its new plant called "Gigafactory" will help it cut costs faster and produce more batteries in one year than the worldwide industry made last year.



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