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Tesla to open Canada battery gear factory in Markham, Ontario -mayor

Stock Markets
Published Nov 05, 2021 12:49PM ET Updated Nov 05, 2021 09:20PM ET
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2/2 © Reuters. FILE PHOTO: A Tesla logo is pictured on a car in the rain in the Manhattan borough of New York City, New York, U.S., May 5, 2021. REUTERS/Carlo Allegri/File Photo 2/2
 
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SAN FRANCISCO (Reuters) - Tesla Inc (O:TSLA) opened a factory to produce battery manufacturing equipment in the Canadian city of Markham, Ontario, the city said on Friday, as the electric carmaker ramps up the production of cheaper, higher-range 4680 battery cells.

In 2019, the U.S. electric carmaker acquired Canada-based Hibar, which manufactures pumps used in fast-speed battery assembly that Tesla is introducing for its new 4680 cells.

"I'm delighted to share that Tesla Canada is joining our already robust automotive and technology ecosystem by locating a manufacturing facility in the City of Markham," the city mayor Frank Scarpitti said on Twitter (NYSE:TWTR).

"The facility will be the first branded Tesla Canada manufacturing facility in Canada and will produce state-of-the-art manufacturing equipment to be used at the Gigafactories located around the world in the production of batteries."

City official Bryan Frois told Reuters the Markham facility opened this summer, marking an expansion of another site in neighboring Richmond Hill.

Tesla did not immediately comment on the mayor's tweet. Last year, Tesla senior vice president Andrew Baglino said at the Battery Day event that its "vertical integration" with Hibar and others would allow them to build batteries faster and scale up production of its 4680 battery cells.

Baglino said last month that Tesla will start delivering its first vehicles with 4680 batteries early next year, but added that "this is a new architecture and unknown unknowns may exist still."

Tesla currently builds the 4680 cells at its pilot factory in California and plans to start their production at its upcoming factories in Texas and Berlin.

(This story officially corrects to mention city official clarifies that the plant has already opened, not plans to open.)

Tesla to open Canada battery gear factory in Markham, Ontario -mayor
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Comments (4)
Sudanes Solidarty Charity
Sudanes Solidarty Charity Nov 06, 2021 4:47AM ET
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Gershom Zvi
Gershom Zvi Nov 05, 2021 10:02PM ET
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New rally Monday ?!
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Stephen GN
Stephen GN Nov 05, 2021 1:33PM ET
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This is cool. Nice to see the automotive industry still doing well in southern Ontario.
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Stephen GN
Stephen GN Nov 05, 2021 1:33PM ET
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This is cool. Nice to see the automotive industry still doing well in southern Ontario.
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