Rumor: Tesla Interested In European Gigafactory in Germany or The Netherlands
It’s no secret that Tesla wants to ramp up the production of their vehicles and needs to build more factories, and the company is now investigating a new so-called ‘gigafactory’ in either Germany or The Netherlands. That is being reported by The Wall Street Journal based on information from both German and Dutch officials.
Both countries have confirmed that there have been talks about building a gigantic factory for its Tesla cars and/or batteries, but a potential agreement is still far away. The Dutch Ministry of Economic Affairs has confirmed to the newspaper that talks with Tesla were held.
The European market for electric vehicles is larger than the American market and is to be considered the largest market in the world along with China. Talks with China have already led to more concrete plans: the company is preparing to build a gigafactory that would be able to produce no less than 500,000 electric cars on a yearly basis.
It appears both countries are lobbying for a spot. Tesla’s European division is already headquartered in The Netherlands, but Elon Musk himself has previously stated on Twitter that a factory in Germany close to the border would be the “leading choice.” If Tesla were to build a factory here, it would be able to quickly deliver its products to a number of neighboring and close countries, including Belgium, The Netherlands and the small Dukedom of Luxembourg.
Currently, Tesla owns one gigafactory in Nevada, USA. Production has been somewhat of an issue for the company and Elon Musk, who repeatedly missed production quotas and targets.