Tesla wants to turn its Berlin factory into Europe's biggest car plant | CNN Business

The world’s biggest maker of battery-powered electric cars also wants the plant — located about 30 kilometers southeast of the German capital — to manufacture more battery cells. If the plans are approved, Tesla\n \n ’s Gigafactory will be able to produce battery storage capacity of 100 gigawatt hours per year, up from 50 gigawatt hours at present, according to the application published by the country’s environmental authorities Wednesday. CNN has contacted Tesla for comment.

Volkswagen’s strategy in the United States, where Tesla is the biggest seller of EVs, also has a strong electrification component. “In North America, Volkswagen Group aims to significantly expand its market share. This includes investments in new electric vehicles and a factory for battery cells in Canada,” the company said in a statement last month. It added that the “iconic” Scout brand would be relaunched with all-electric vehicles.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla earnings: What to expect from the Cybertruck makerTesla earnings arrive Wednesday amid a rally for Tesla stock and Cybertruck's arrival.
Source: MarketWatch - 🏆 3. / 97 Read more »

Tesla’s Elon Musk says his new company xAI will ‘enhance’ Tesla valueTesla Inc. Chief Executive Elon Musk said that his new venture, a startup focusing on artificial intelligence, will not compete with the EV maker but instead...
Source: MarketWatch - 🏆 3. / 97 Read more »

Tesla directors will return $735 million to company to settle shareholder suit | CNN BusinessTesla directors will return $735 million to the company to settle claims they grossly overpaid themselves in one of the largest shareholder settlements of its kind, according to a Monday filing in a Delaware court.
Source: CNN - 🏆 4. / 95 Read more »

Tesla profits climb despite price cuts | CNN BusinessTesla reported a much bigger than expected increase in profits, despite a series of price cuts that trimmed the amount of revenue per vehicle sold.
Source: cnni - 🏆 326. / 59 Read more »