Tesla& #39;s battery day showed a way to build battery factories at 2x the speed, much lower cost, using much smaller footprint. Here is some data to illustrate this:

1/5

Kato Rd construction started in early 2020, is now producing cells, and will reach 10GWh/yr in about a year, so total <2 years, while doing development work on dry battery electrode. Kato Rd is 1/10 of the footprint of Tesla Nevada factory, which produces ~35 GWh/yr.

2/5

SK Innovation is building 2 factories in Georgia:
1st one 9.8GWh, cost $1.7B, started building in March 2019, initial production in 2021, mass production in 2022
2nd one 11.7GWh, cost $1B, started in July 2020, production in 2023
Each factory takes 3 years, and $1B or more

3/5

Tesla& #39;s Kato line has started production as we saw in battery day presentation. Tesla built it in ~9 months, and doesn& #39;t appear to have spent billions. Even if Kato building has to be built anew, it should cost < $100m and take 3-4 months more per Shanghai GF example

4/5

Links to SK
https://cleantechnica.com/2020/09/21/sk-innovation-accelerates-hiring-at-its-1st-us-based-ev-battery-site-in-georgia/
https://cleantechnica.com/2020/09/2... href=" https://www.reuters.com/article/us-tech-ces-sk-innovation-idUSKBN1Z82QB
https://www.reuters.com/article/u... href=" https://insideevs.com/news/433334/sk-innovation-construction-2nd-us-battery-plant/

5/5">https://insideevs.com/news/4333...

SK Innovation Begins Construction Of Its 2nd U.S. Battery Plant

SK Innovation moves forward with its battery plant projects in the U.S.

https://cleantechnica.com/2020/09/21/sk-innovation-accelerates-hiring-at-its-1st-us-based-ev-battery-site-in-georgia/