Europe builds on battery megafactory momentum

Europe’s megafactory momentum continued in Q4 as Tesla announced the Gigafactory 4 and combined European political efforts saw more consensus on building out battery production on the continent.

Tesla announced plans to expand battery production into Europe in Q4 2019 as Elon Musk made the surprise announcement that the company would base its European Gigafactory 4 in Germany, widely expected to be in Grünheide in Brandenburg.

Following the announcement Musk also confirmed that the site will produce batteries, powertrains and vehicles, starting with the Model Y SUV at the new site.

Benchmark Minerals expects early vehicle production is . . .

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