The automaker can count on 1.1 billion euros in financing – economy

According to a press report, US electric car maker Tesla can expect government funding of around 1.1 billion euros from a European battery cell program. Berlin’s Tagesspiegel reported on Sunday that funding from the Federal Economics Ministry was ripe for approval. The Federal Ministry and the Brandenburg Ministry of Economic Affairs did not comment on the report. Tesla not only wants to build the first electric car factory in Europe at Grünheide, near Berlin, but also to mass-produce battery cells there. Earlier this year, the European Commission approved for the second time billions in aid to support battery production in Europe. Germany and eleven other EU countries can contribute up to € 2.9 billion more to advance electromobility. Tesla in Brandenburg can also benefit from the funding. Germany is coordinating the second battery program. In Grünheide, production of electric cars was initially scheduled to start in early July, but Tesla is now aiming for the end of the year. The company is currently building through advance permits as the final decision on the environmental permit by the state of Brandenburg is still pending. When the decision comes is still open. Up to 500,000 vehicles are expected to roll off the production line at Grünheide in Brandenburg every year.

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