On the 1st, the Global Economics magazine Business Insider reported that Tesla was selected as a beneficiary of the European Union’s battery innovation project, citing an official from the German government. The European Union invests 2.9 billion euros through a battery business called’IPCEI (Important Project of Common European Interest)’, of which Tesla received 1 billion euros.
This project is expected to be in the form of a battery cell plant in the’Gigaberlin’ that Tesla is building in Germany.
Gigaberlin, which is fully operational in July of this year, is Tesla’s fifth production base and is located in the Brandenburg area, a suburb of Berlin. Model 3 and Model Y will be produced at Giga Berlin, which is also the first Tesla plant in Europe.
Part of Tesla’s grant comes from the State of Brandenburg, while the rest is from the federal government.
German Takespiele said, “Europe is still highly dependent on batteries in Asian countries, so Tesla was chosen for this.”
According to industry sources, LG Energy Solutions, which has a battery factory in Poland, accounts for 70% of the European EV battery market. Both Samsung SDI and SK Innovation, another Korean company, have battery factories in Hungary, and they plan to proactively respond to the European market through expansion.
China’s CATL, which is the number one battery in the world but a latecomer in the European market, is also building a battery production plant in Erfurt, Germany.
UPI News / Reporter Kim Hye-ran [email protected]
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