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Tesla will invest up to 5 billion euros ($A8 billion) in a lithium-ion battery plant at “Giga Berlin”, with a decision on whether the German government will tip in 1 billion towards it expected by the end of 2021.
German media stories say that a new publication by the Federal Ministry of Economics (BMWi) provides new information on the costs of the battery factory that Tesla is planning on the site of its Gigafactory in Grünheide near Berlin.
Tesla CEO and co-founder Elon Musk flagged the Berlin battery factory at a conference in 2020, saying it would eventually be one of the largest battery plants in the world with 250GWh capacity.
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