Report: Tesla can count on around 1.1 billion euros in funding


According to a media report, the US electric car manufacturer Tesla can expect government funding of around 1.1 billion euros from a European battery cell program. Of the Daily mirror from Berlin reported on Sunday that the funding from the Federal Ministry of Economics was ripe for approval.

When asked, the Federal Ministry stated that there was “no final number” for the funding of Tesla as part of the battery project. The Brandenburg Ministry of Economics did not comment on the report. Tesla not only wants to build its first electric car factory in Europe in Grünheide near Berlin, but also wants to mass-produce battery cells there.

The Federal Ministry of Economics stated to that Daily mirror report, the process of determining the specific amount of funding has not yet been completed. “Please understand that we cannot provide any information on the level of funding from the federal government or the state participation before the grant notification is issued. The notification is currently being intensively prepared and is planned for the 4th quarter of 2021.”

At the beginning of the year, the EU Commission approved aid billions for the second time to support battery production in Europe. Germany and eleven other EU countries can provide up to 2.9 billion euros in addition. This is intended to make progress in electromobility. Tesla in Brandenburg can also benefit from the funding. Germany is coordinating the second battery program.

In Grünheide, the production of electric cars was originally supposed to start at the beginning of July, but Tesla is now aiming for the end of the year. The company is currently building through early permits because the final decision on the environmental permit by the state of Brandenburg is still pending. Objections from environmental associations against the German Tesla factory are currently being examined. When the decision will come is still open. Up to 500,000 vehicles are expected to roll off the assembly line in Grünheide in Brandenburg every year.


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