Tesla to Invest $250 Million in Battery Plant Outside Berlin
By Reuters | 12 May, 2026
The EV maker hopes to consolidate battery and chassis production for its European market at a single location by 2027.
U.S. electric car maker Tesla will invest almost $250 million in ramping up battery cell production capacity at its factory outside Berlin, in a move set to boost jobs in the area and strengthen its supply chain, the company said on Tuesday.
The investment is intended to create the conditions for annual production capacity of 18 gigawatt hours at the site in Gruenheide, south-east of the German capital, up from a previous 8 GWh, a statement said.
"The ramp-up of battery cell production will also be accompanied by a significant increase in labour demand," the statement added.
"From battery cells to electric vehicles, everything is expected to be produced at a single location starting in 2027."
(Reporting by Christoph Steitz and Rachel More, Editing by Linda Pasquini)
Recent Articles
- Intel Turns to Next-Gen ASML Tool to Help Make Its Laptop Chips
- Cambodian Gaming Tycoon Was Landlord to Chinese Scam Compound
- China New Home Price Slide Slows, but Recovery Doubtful
- Iran Threatens to Block More Vital Seaways as Trump Orders Renewed Iran Blockade
- ASML Beats Q2 Revenue Estimates on AI Chip Demand
- Nvidia Has Begun Shipping H200 AI Chips to China
- IBM Warns AI Boom Is Squeezing Software Budgets; Sending Shares Down
- Two Utah National Monuments Fall to Trump Anti-Green Drive
- 72% of Americans Disagree with Trump on Refugees
- June CPI Not As Hot As Feared, Soothing Markets
