autoevolution 2 Feb 2021, 10:14 UTC ·
by 1 photo
Tesla is currently building its fourth Gigafactory – and the first one in Europe – in Berlin, Germany. It is scheduled to start operations in the summer of 2021, and in typical Tesla fashion, progress has been rapid, despite initial drawbacks resulting from legal disputes and other unexpected obstacles. The latest video from Tesla CEO Elon Musk confirms that.
Musk shared the video on Twitter (where else?) and, while it doesn’t exactly reveal much of the sprawling structure since it’s mostly covered in snow, it does offer an appreciation of its sheer size and current state. The drone footage also reveals that the render Musk shared last summer is now close to being real.
By Reuters Staff
2 Min Read
BERLIN (Reuters) - U.S. electric vehicle maker Tesla stands to receive at least 1 billion euros ($1.2 billion) in public funding from Germany for setting up a battery cell factory near Berlin, Business Insider reported on Monday.
FILE PHOTO: The construction site of the future Tesla Gigafactory is seen in Gruenheide near Berlin, Germany, September 19, 2020. Picture taken with a drone. REUTERS/Hannibal Hanschke/File Photo
The European Union last week approved a plan that includes giving state aid to Tesla, BMW and others to support the production of electric vehicle batteries and help the bloc cut imports from industry leader China.
Tesla to get at least $1.2B in German subsidies, report says
Reuters
Bloomberg
Tesla plans to build the Model Y with a new battery design and technology at its European factory near Berlin.
BERLIN Tesla stands to receive at least 1 billion euros ($1.2 billion) in public funding from Germany for setting up a battery cell factory near Berlin,
Business Insider reported on Monday.
The European Union last week approved a plan that includes giving state aid to Tesla, BMW and others to support the production of electric vehicle batteries and help the bloc to reduce imports from industry leader China.
The European Union’s executive body on Tuesday approved $3.5 billion in state aid to support the European Battery Innovation project supporting work at a few dozen automakers, including Stellantis NV and Tesla Inc.
The funds from 12 member countries will support developments in every step of t
covi
c, in charge of the European Battery Alliance, said this strong pan-European project will help revolutionise the next generation battery market. “It will also boost our strategic autonomy in a sector vital for Europe’s green transition and long-term resilience. Some three years ago, the EU battery industry was hardly on the map. Today, Europe is a global battery hotspot. And by 2025, our actions under the European Battery Alliance will result in an industry robust to power at least six million electric cars each year. Our success lies in collaboration, with some 300 partnerships between industrial and scientific actors foreseen under this project alone,” Sefcovic said.