Germany will build rival to Tesla's giant battery factory

Several German companies have teamed up in a consortium to build one of the world's largest battery factories to rival Tesla's Gigafactory.

Teslas "Gigafactory" under trinvis opførelse i Reno, Nevada. | Photo: Tesla/PR

In Germany, several chief executives are planning to announce the location for an enormous lithium-ion battery factory, reports Bloomberg. It is intended to be on par with Tesla's battery facility "Gigafactory" currently being constructed in the US casino city of Reno.

Altogether, 17 German companies – which do not wish to be named – have joined forces under the name Terra E Holding GmbH.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

NKT targets double revenue in business unit

The Danish cable manufacturer closes the second quarter with flying colors, with a record-sized order book resulting in factory expansion, which along with other extensions propels the Solutions division forward to nearly doubling its top line.

Uniper hits Q2 net deficit of EUR 9.3bn

Just as expected, the German utility is hit hard by supply commitments forcing natural gas purchases on the wholesale market. State bailout keeps the business floating.

US IRA bill compromises leave sour taste with activists

Now signed by the US president and thus fully formalized, the watered-down version of Biden’s climate campaign bill – full of compromises to get conservative Democrats on aboard and thus attracting critique from many observers – nonetheless contains the nation’s most sweeping legislation supporting the green transition to date, thereby on account of sheer size reviving some hope of averting the worst outcome for global climate.

Further reading

Related articles

Latest News

See all jobs