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Tesla is planning a total of five Gigafactories, where it will manufacture solar panels and battery systems for both its electric vehicles and for home and commercial energy storage.
"Later this year, we expect to finalize locations for Gigafactories 3, 4 and possibly 5," the company stated in a letter to shareholders.
Tesla Tesla will become the largest manufacturer of lithium-ion batteries in the world once its Gigafactory kicks into full swing.
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