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Sunday, June 20, 2021

Tesla’s battery factory in Grünheide to receive funding in billions

After the EU Commission gave the green light for state aid for battery manufacturers, one detail is now coming to light.

Tesla can count on the fact that its planned battery factory in Grünheide near Berlin will receive government funding in the single-digit billions. Business Insider reports , referring to unnamed people from government circles. Brandenburg will pay a third of this to the US electric car manufacturer, the greater part from the federal government.

Last week the EU Commission approved state aid to promote research and innovation on batteries . The project known as “European Battery Innovation” had been registered jointly by Germany and eleven other European countries. They can provide up to 2.9 billion euros for the areas of raw materials and modern materials, recycling and sustainability as well as battery cells and battery systems.

Tesla has already received the green light to prepare the battery factory. Tesla also wants to build its Model Y in Grünheide. In addition to Tesla, the companies ACIS, Alumina Systems, BMW, Cellforce Group, ElringKlinger, Manz, Northvolt, SGL Carbon and Skeleton Technologies are funded in Germany as part of the “European Battery Innovation” program in the field of battery cells and systems.

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