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Tesla withdraws German battery plans won by US incentives | – #Tesla #withdraws #German #battery #plans #won #incentives

BERLIN, Feb 21 (Reuters) – Tesla ( TSLA.O ) has started assembling battery systems at its German plant, but under the Inflation Reduction Act (IRA) tax against the backdrop of concessions USAwill focus on cell production. on Wednesday.

USAof electricity car The manufacturer is also set to produce cell components such as electrodes, some from the Gruenheide site in the state of Brandenburg. USAwill be sent to

The spokeswoman added that cars manufactured in Brandenburg will have locally assembled batteries “in the near future”.

“Tesla’s cell manufacturing focus is currently in the US due to the framework created by the US Inflation Reduction Act (IRA),” they said in a written statement.

EU leaders have expressed concern that 369 in the IRA billion Local content requirements for most of the dollar subsidies will encourage companies to leave Europe for the US.

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Europe Commission to relax rules on state aid for investments in renewable energy, decarbonisation industry, hydrogen or zero-emission vehicles offer did, although Germany’s finance minister warned that Europe should not respond to the US move with excessive subsidies.

Brandenburg’s Economy Ministry added on Tuesday that Tesla was prioritizing its battery production plans in the United States and knowing that the change of course would not affect the number of jobs available at the German site.

CEO Elon Musk said in March 2022 that Germany’s 50 gigawatt-hour battery plant would reach production capacity by the end of 2023, but factory and car He said that the production area reached its targets later than planned.

Tesla has struggled to ramp up battery cell production in Fremont, Calif., and Austin, Texas, which experts attribute to new and unproven techniques the company has struggled to scale.

3.6 to expand the Nevada gigafactory complex with two new factories in late January billion announced that it will invest more than $100 million, one to mass-produce the long-delayed Semi electric truck and another to produce the new 4,680 battery cells.

Reporting by Victoria Waldersee; Edited by Mark Potter and Jason Neely

Our standards: Thomson Reuters Trust Principles.

2023-02-22 14:40:59
Source – reuters

Translation“24 HOURS”



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