Ann: Trading Halt, page-117

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Tesla Lithium is one of the trumps that Portugal can use to attract Tesla’s investment into the country. The creation of this working group can be seen as an investee to convince Elon Musk. Dating Tesla started a few years ago.As for Tesla and the chance of it setting up a ‘gigafactory’ in Portugal, if there is a lithium processing facility in Portugal, this makes it more likely that the US company will locate here.With over 46,000 people and local authorities signed up to the “Bring Tesla to Portugal” cause – and the company registering for tax purposes in Portugal – behind-the-scenes negotiators say the likelihood of the electric car and battery manufacturer constructing its much-sought-after giga-factory on national soil is “very low”.Tesla Gigafactory Europe is a proposed manufacturing plant for Tesla, Inc. to be located in Europe. It is to be a combined electric battery manufacturing facility and automobile factory. The factory was previously referred to as Gigafactory 2 until 22 February 2017, when Tesla began to refer to the SolarCity Gigafactory in Buffalo, New York as Gigafactory 2. The Europe Gigafactory will be named either Gigafactory 3, 4, or 5.Reported locations said to be under consideration are Czech Republic near Prague, Portugal, with Europe’s biggest lithium reserves and one of the biggest solar centers in the world, Poland and Hungary. Although Germany’s then-Federal Ministry for Economic Affairs and Energy Sigmar **riel has stated that Tesla is in talks with the government over a Gigafactory there, a Tesla spokesperson said in January that the company has no current plan for a battery factory in Germany.Portugal was one of the countries that received a delegation from Tesla, as the Ministry of Economy advanced in November.