Connect with us

Hi, what are you looking for?


Tesla revises plans for German gigafactory with more details on product lines

Stock Markets47 minutes ago (Jun 03, 2021 01:42PM ET)

(C) Reuters. 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


FRANKFURT (Reuters) – Tesla (NASDAQ:TSLA) on Thursday revised its application for a planned gigafactory in Europe to include details for plans to produce battery cells on site and an expansion of other production lines, German officials said.

It also includes plans to reduce water consumption so that usage remains constant compared to earlier proposals despite the expansion.

Tesla has sharply criticised the lengthy regulatory processes in Germany and has pushed back the factory’s opening date.

The agricultural and environment ministry of the state of Brandenburg had already flagged that Tesla would tweak its application for the construction of its planned factory, located in Gruenheide outside Berlin.

Tesla said in April that its plans were moving forward, with production and deliveries “on track for late 2021”. But that was later than previous plans for July 1.

Authorities will now decide whether the public needs to weigh in on the new plans given the scope of the changes. A decision on that is expected in days, the ministry said.

Tesla did not immediately respond to requests for comment.

Tesla revises plans for German gigafactory with more details on product lines

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

World News

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered...

World News

George Soros and Bill Gates are part of a consortium acquiring a British developer of rapid-testing technology, including for Covid-19 and tropical diseases,...


If you parked your car in one of the thousands of parking spots across Calgary, there’s a good chance you paid the Calgary Parking...


ForexMay 27, 2021 02:04AM ET (C) Reuters. By Peter Nurse — The dollar edged higher in early European trade Thursday, finding support from...

Disclaimer: it's managers and its employees (collectively "The Company") do not make any guarantee or warranty about what is advertised or above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. Copyright © 2021 Your Morning Voice. All Rights Reserved