Tesla Lost Its Right To Get Funds From The European Union

Tesla lost the right to receive European funding for the planned battery plant near Berlin, violating an important requirement with delays at its factory in Germany.

Giant electric vehicle manufacturer Tesla battery industry from the European Union with the battery factory it will establish to develop 1.1 billion euros would get support. Tesla’s new factory in Germany, Giga Berlin disruptionsstate aid conditions of the European Union. unable to meet caused.

At the factory, which Tesla announced a few weeks ago that it plans to produce 45 vehicle bodies per second, it still does not start any production. not started. By refusing the support that the company will receive from the state, in a different factory announced that it will start battery production. Elon Musk, CEO of the company, due to the disruptions frustration He said he’s alive.

Tesla fails to meet state support requirement

Legal challenges to the construction of Tesla Giga Berlin, the facility where Tesla will manufacture cars before batteries, prompted the opening of the facility. a few months delayed. The company said that this facility will not be expected to be established for battery production, and it will store the same batteries in another Tesla factory. earlier announced that it will start production soon. For the European Union to provide funds to support the production of companies “first industrial distribution” had a condition. In other words, batteries cannot be produced in a Tesla factory that has started production, will be newly established It must be produced in a factory.

Previously in other construction projects around the world support of government The company that bought it started production at Giga Berlin. unable to start could not receive funding from the EU. German government, Tesla’s funding support won’t take confirmed. Tesla’s CEO, Elon Musk, expressed his disappointment at the slow progress of the plant in Germany, expressing his frustration with the German bureaucracy. modernizing he called.

However, it would be wrong to think that Tesla’s general production was disrupted due to this event. The US giant manufacturer Tesla recently increased the capacity of its Shanghai auto factory in China. to increase announced his plans. By increasing the number of personnel working in the factory by approximately one third, the biggest in the electric car market increase production capacity announced his plans.

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Tesla is slated for about this year, when many of its competitors slowed production due to the chip crisis. 1 million produced the vehicle. According to data released last month, Tesla increased its revenues by 57% year-on-year to $13.8 billion. that you raised and quarterly for $1.6 record profit announced that he got it.

Source :
https://arstechnica.com/cars/2021/11/tesla-forced-to-turn-down-e1-1-billion-in-eu-support-for-german-battery-plant/


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