Tesla will build a mega factory in Europe

US firm Tesla has bought the 700 strong German development firm Grohmann Engineering. The acquisition is Tesla's first step in the creation of a new European mega factory for batteries.

BY JENS NIELSEN

Tesla founder Elon Musk's ambitious future plans have now secured a concrete European platform. As a first step, Tesla has bought the German company Grohmann Engineering. The purchase will lay the foundation for the company's next large project, a Gigafactory 2, which will be built in Europe.

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