Tesla to invest $250 million in battery plant outside Berlin
Tesla is investing nearly $250 million to significantly expand battery cell production at its Berlin factory, aiming for 18 GWh annual capacity and creating new jobs.
- Tesla's $250 million investment in its Berlin factory.
- Increased battery cell production capacity to 18 GWh.
- Future integrated production of cells and vehicles.
BERLIN: U.S. electric car maker Tesla will invest almost $250 million in ramping up battery cell production capacity at its factory outside Berlin, in a move set to boost jobs in the area and strengthen its supply chain, the company said on Tuesday.
The investment is intended to create the conditions for annual production capacity of 18 gigawatt hours at the site in Gruenheide, south-east of the German capital, up from a previous 8 GWh, a statement said.
“The ramp-up of battery cell production will also be accompanied by a significant increase in labour demand,” the statement added.
“From battery cells to electric vehicles, everything is expected to be produced at a single location starting in 2027.”
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