Tesla's Massive Battery-Making Gigafactory Grand Opening Will Be Held On July 29

First Posted: May 31, 2016 08:44 AM EDT

Tesla's giant battery-making Gigafactory will have its full swing and official grand opening on July 29, 2016. Tesla is inviting their fans and Tesla lovers to its official debut.

According to CNet, the Gigafactory is situated in 130-acre in Electric Sparks in Nevada. The facility is still on its completion.

Wow! #Future has a date.. @TeslaMotors' Gigafactory sets grand opening for July 29th via @verge #Tesla #Tech https://t.co/oG3BrkEUNV

— Resolvd (@resolvdio) May 31, 2016

The Tesla Gigafactory aims to provide batteries to support the company's projected vehicle demand. Tesla's mission is to speed up the world's transition to sustainable transportation. They have a planned production rate of 500,000 cars each year in the latter half of this decade. Tesla's production of lithium ion batteries will start in 2017. In 2020, the massive Gigafactory will reach its full capacity and will create more lithium ion batteries yearly than were credited worldwide in 2013. The Gigafactory will be empowered by renewable energy sources. Their goal is to achieve net zero energy. Together with their partners, this includes Panasonic, they will create batteries for considerably less cost using economies of scale, modern manufacturing, less waste and simple optimization of locating most manufacturing process under one roof.

"Tesla is opening the doors to its ‘gigafactory’ on July 29" #entrepreneur #feedly https://t.co/4yd1CknlMJ — A Girl Has No Name (@AriBellBella) May 30, 2016

The construction and ground breaking of the Gigafactory started on November 2014. No itinerary was mentioned yet for its grand opening. It is suspected that this could be the first time to explore the said gigantic Gigafactory.

Gigafactory's name derived from the factory's planned yearly battery production capacity of 35 gigawatt-hours. Giga is a unit of measurement that means "billions" and one GWh is equal to generating one billion watts for one hour. This indicates one million times that of one kWh.