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More speculation about Tesla Gigafactory announcement

Should we all be laying our chips down on Nevada for Tesla's proposed Gigafactory? At least a few news sources are saying yes, though another says there's a remote chance of a San Francisco Bay Area site getting the nod. Real remote. The frontrunner appears to be the Tahoe-Reno Industrial Center, which is about 20 miles east of Reno proper and includes warehousing sites for Walmart, Dell and Petsmart, Transport Evolved says. Compared to other states in the running, Nevada has the advantages of lower taxes, lots of cheap real estate and some lithium-mining capabilities, while the specific site has very good highway and rail access. There's also already a li-ion company there, Dragonfly Energy. Feeding that belief is the sight of about 50 earthmoving trucks recently spotted at that site, says ValueWalk, Greentech Media and Jalopnik, in addition to Transport Evolved. But then we heard that the site had been shut down. Nobody involved is giving any clues, but the site is plenty big enough for a $5 billion, 10-million-square-foot plant that would support about 6,500 jobs. Meanwhile, Tesla may also be considering the former Concord Naval Weapons Station about 35 miles northeast of San Francisco and 45 miles north of Tesla's Fremont headquarters, says KTVU, the NBC affiliate for the San Francisco Bay Area. The problem is that's a Superfund site in need of some remediation. But that sort of cleaning project could be a good fit for a company focused on "clean" energy. Tesla is, of course, declining to comment. Tesla CEO Elon Musk said early last month that it was in "quite advanced" stages of planning for the plant, or perhaps two plants, and that the company was meeting on a daily basis with partner and battery-supplier Panasonic. The company is expected to officially announce the location of the Gigafactory later this year, and it could be up and running by the end of 2016.

For Tesla, the energy-storage company, the magic is in batteries

Tesla Motors Chief Elon Musk has always been a big-picture guy, and the company's chief technology officer appears to be following suit. JB Straubel, who was a keynote speaker at the Joint Venture Silicon Valley symposium near the automaker's Northern California home base recently, says the company is just as much an energy-storage company as a car maker. And he said the rate of battery-technology improvement shows no signs of slowing down, according to Green Tech Media. Straubel estimated that battery performance has improved about 40 percent during the five years between the debuts of the Tesla Roadster and the Model S. Additionally, battery density has doubled during the past decade and continues to ramp up fairly steeply. He noted that further near-term improvements will come not from the size and shape of the cell, but from improved cathode and anode materials. Those energy improvements won't just help the cars. Tesla uses a two-megawatt-hour battery pack to supply as much as 10 percent of the peak energy used at the company's factory in Fremont, CA, and will double the size of that battery-powered energy capacity within the next few months, Straubel says. Automakers like Tesla and Nissan are licking their proverbial chops at the prospect of substantially improved battery performance paired with declining battery costs as more and more lithium-ion battery packs get produced. Late last year, Navigant Research estimated that lithium-ion battery costs would fall by almost two-thirds by 2020, down to a low $180 per kilowatt hour. That should make electrified powertrains price-competitive with conventional vehicles, as electric vehicles could then command a price premium as low as $2,000 compared to their gas-powered brethren.

The billionaire's passion behind Wanxiang's Fisker bid

If it weren't for billionaire Lu Guanqiu, founder of Chinese auto parts giant Wanxiang Group, the Fisker Automotive bankruptcy bailout deal might have closed earlier this month. Hong Kong tycoon Richard Li, along with Li's affiliate company Hybrid Tech Holdings, assumed their offer was going to be accepted. Instead, the US bankruptcy court judge called for an open auction bid for Fisker's assets on February 12. Lu made a few convincing points to the judge. There's another interesting part of the story that Lu didn't share it with the judge. If the Fisker deal doesn't work out, Lu and Wanxiang might increase their working relationship with Tesla Motors. Lu told US bankruptcy judge Kevin Gross that Wanxiang, which now owns Fisker's supplier of lithium batteries, A123 Systems, is better placed than Hybrid Tech Holdings to restart and expand production at Fisker. Better yet, Wanxiang could move production from Finland to the US. That was convincing enough for Gross to schedule the auction. Lu's move toward taking over ownership and restoring Fisker seems to be driven by two motivations: converting his company from a parts maker to an automaker; and to grow the yet-to-be profitable "new energy " business such as lithium battery and electric vehicle makers. For Lu, it's not so much about believing in Fisker – it's more about playing a leading role in electric vehicles – and that could come through deepening its connection to Tesla Motors. "Of course we want to pocket Fisker. But we will bid rationally," he said to Reuters. "Whatever the result, nothing can stop us from making electric cars." Check out more about Lu in this Reuters piece, including how he and six other farmers pooled together $500 in 1969 to start what would become Wanxiang. Featured Gallery Fisker Karma at Laguna Seca News Source: Reuters Government/Legal Green Fisker Tesla Electric wanxiang