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Sakti3 - Ann Arbor, MI battery company funded by GM, Khosla, others.

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Sakti's tech is still a ways off - still in R&D phase. No claims yet on specific energy and a lot of the chemistry is either basic or secret. We will likely see these batteries in vacuum cleaners far before we see an automobile version.

Also, the investment is $1.44 billion over 5 years, or $288 million a year assuming an even division through the years, which is unlikely. Further, that includes R&D costs and not just setting up the factory. Tesla and Panasonic's R&D costs are not included in the Gigafactory spending numbers. Finally, a lot of that spending is not towards automotive - small electric appliances have a different requirement for lithium ion batteries and its different cell chemistries due to different optimization.