Tesla on Tuesday delivers the first Model Y cars produced at its €5 billion factory in Germany, the company’s first European production center and the biggest investment in a German car factory in recent history.
German Chancellor Olaf Scholz attends the ceremony alongside Tesla Chief Executive Elon Musk, marking a moment the billionaire had hoped would happen eight months ago, despite local officials saying it came relatively quickly for a project of this size.
With plans to employ 12,000 workers, the Tesla factory, and the battery power plant next door, will become the biggest employer in the German state of Brandenburg.
When it reaches full capacity, the factory complex will produce 500,000 cars a year – more than the 450,000 electric vehicles that rival Volkswagen sold globally in 2021 – and will generate 50 gigawatt hours (GWh) of battery power, surpassing all others. factories in the country.
For now, Volkswagen holds the edge in Europe’s electric vehicle market, with a 25% market share versus Tesla’s 13%.
JPMorgan has predicted that the Gruenheide complex will produce around 54,000 vehicles in 2022, increasing to 280,000 in 2023 and 500,000 in 2025.
Tesla received final approval to start the complex on March 4, provided the company meets various requirements that include water usage and air pollution control.
Source: CNN Brasil
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