Tesla invests $250M to boost German battery production
Tesla is investing $250 million to expand battery production capacity at its Gruenheide factory in Germany. The investment will increase annual capacity from 8 gigawatt hours to 18 gigawatt hours, more than doubling output. The move aims to strengthen Tesla's manufacturing capabilities in Europe.
Key facts
- Tesla is investing $250 million
- The investment targets the Gruenheide factory in Germany
- Annual battery production capacity will rise from 8 GWh to 18 GWh
- The expansion more than doubles current capacity
Entities
Institutions
- Tesla
Locations
- Gruenheide
- Germany
Sources
- Quartz —