Tesla didn’t want to wait for EU aid: German Minister of Economy


The Tesla logo will be seen on the body of electric vehicles during the Media Day of the Shanghai Motor Show on April 20, 2021 in Shanghai, China. (AlySong / Reuters)

Berlin-Tesla did not want to wait for European authorities to decide on state funding for the planned battery plant before proceeding with the construction of the site in Germany, German Economic Minister Peter Altmeier said Monday. I told reporters in Berlin.

As a foreign company, Tesla was eligible for state assistance of up to 40 percent of its investment under the European Union program to encourage production within the block.

Under this program, US companies should have received up to approximately € 1.1 billion ($ 1.24 billion).

Due to the surge in demand for battery cells, Tesla voluntarily decided in late November to start construction of a battery plant in Grünheidesite, a suburb of Berlin, without state assistance, and withdrew the corresponding application. I did.

Tesla is building the first European electric vehicle and battery factories on the premises of Brandenburg.

We are still waiting to receive final approval of the site from the authorities by the end of the year.

($ 1 = 0.8854 euros)