Tesla's German factory will produce batteries.

Published: Jul 27, 2020 13:13

SMM: it is reported that Tesla is currently building a new factory in Glenn Hyde, on the outskirts of the German capital Berlin. It is reported that the factory will also produce batteries in the future, but it is not clear when the work will start.

J ö rg Steinbach, minister of economy in Brandenburg, Germany, confirmed the news: "Tesla has begun to plan to produce electric cells in a German factory." The company has informed us of the plan. " In addition, Tesla CEO Elon Musk (Elon Musk) also revealed when announcing the company's latest quarterly results: "in order to meet the needs of the German factory, the company will produce batteries locally." Currently, the plant is carrying out foundation construction and is expected to start production as early as July 2021, with an initial focus on the production of Model Y models.

Up to now, some of Tesla's batteries are self-produced and some are purchased from outside. In the American market, Tesla cooperates with Panasonic to produce batteries. In Shanghai's Super Factory 3, the cells used by the company are mainly from LG Chemistry and some from Panasonic. From this month, Ningde Times will also supply the new lithium iron phosphate (LFP) cell to Tesla Shanghai factory.

For a long time, however, there have been rumors that Tesla is planning to produce his own batteries, especially after the acquisition of Maxwell. These rumors were supported by the latest rumors in February, when Tesla hoped to set up a production line at the Fremont plant to trial-produce batteries. In his just released second-quarter results, Mr Musk said Tesla's Roadrunner battery project would be located at the Fremont plant. Mr Musk said the key to the project was to increase capacity and achieve more local production. At the beginning of this year, Tesla also acquired a company called Hibar, which specializes in manufacturing equipment for the production of electric cells. Tesla is scheduled to hold the Battery Day (Battery Day) event on September 15, when the company will officially announce the official news.

Scan the code and apply to join the SMM metal exchange group.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Liaoning Steel Mill Priced Ferromolybdenum at 324,000, Hebei Steel Mill Tender Failed
2 hours ago
Liaoning Steel Mill Priced Ferromolybdenum at 324,000, Hebei Steel Mill Tender Failed
Read More
Liaoning Steel Mill Priced Ferromolybdenum at 324,000, Hebei Steel Mill Tender Failed
Liaoning Steel Mill Priced Ferromolybdenum at 324,000, Hebei Steel Mill Tender Failed
[Molybdenum News Flash] SMM May 14: A steel mill in Liaoning priced its ferromolybdenum tender at 324,000 yuan/mt on May 14, payment by bank acceptance. A steel mill in Hebei's ferromolybdenum tender on May 13 ultimately failed.
2 hours ago
On May 14, a Mine in Jiangxi Sold 128 mt of Molybdenum Concentrates at 5,230 Yuan
2 hours ago
On May 14, a Mine in Jiangxi Sold 128 mt of Molybdenum Concentrates at 5,230 Yuan
Read More
On May 14, a Mine in Jiangxi Sold 128 mt of Molybdenum Concentrates at 5,230 Yuan
On May 14, a Mine in Jiangxi Sold 128 mt of Molybdenum Concentrates at 5,230 Yuan
[Molybdenum Flash] SMM May 14: On May 14, a mine in Jiangxi sold 128 mt of molybdenum concentrates with a grade of 45%-50% (average copper 1.72%, average phosphorus 0.077%). The auction transaction price was 5,230 yuan/mtu, with a reserve price of 5,230 yuan/mtu, settled at 35% cash and 65% bank acceptance.
2 hours ago
Ministry of Natural Resources Released Mineral Exploration Results: Xiaoliugou in Gansu Added Tungsten
2 hours ago
Ministry of Natural Resources Released Mineral Exploration Results: Xiaoliugou in Gansu Added Tungsten
Read More
Ministry of Natural Resources Released Mineral Exploration Results: Xiaoliugou in Gansu Added Tungsten
Ministry of Natural Resources Released Mineral Exploration Results: Xiaoliugou in Gansu Added Tungsten
[Tungsten News Flash] The Ministry of Natural Resources released a batch of new-round mineral exploration breakthrough results on May 13. The Xiaoliugou deposit in Gansu added 27,600 mt of WO₃ tungsten resources, representing a significant increment to China's strategic mineral reserves. Project: Detailed exploration of the Shiji ore section, Xiaoliugou mining area, Sunan, Gansu; Mining right holder: Gansu Xinzhou Mining; Resources: WO₃ 27,600 mt (14,800 mt indicated + 12,800 mt inferred); Concurrently announced were multiple major exploration breakthroughs including gold-arsenic in Jilin, chromium-nickel-cobalt-copper-molybdenum-silver in Tibet, gold in Sichuan, and oil and gas in Sichuan (natural gas / helium / shale gas).
2 hours ago
Tesla's German factory will produce batteries. - Shanghai Metals Market (SMM)