Tesla to Soon Receive Funding Documents for Giga Berlin Battery Factory, Announces Germany's Ministry of Economics

by Eva Fox April 23, 2021

Tesla to Soon Receive Funding Documents for Giga Berlin Battery Factory, Announces Germany's Ministry of Economics

Photo: @tobilindh/Twitter

The decision to publicly fund a battery factory planned by Tesla at Gigafactory Berlin is imminent, the ministry indicated. The documents are being finalized and will soon be handed over to the manufacturer.

Germany's Federal Ministry of Economics announced that five of the eleven companies participating in the IPCEI funding project have already received funding notifications. Meanwhile, the preparation of documents for transfer to other companies, including Tesla, continues. "Five of the eleven companies have already received funding notification--the last was BMW two days ago," a ministry spokesperson told Handelsblatt. "Coordination is ongoing with other companies, including Tesla, and the paperwork is being finalized." To this end, the ministry is negotiating with companies.

This is the second major IPCEI project, the funding of which was approved by the EU Commission on January 26, 2021. It is attended by 46 companies and research institutes from twelve EU countries. In Germany, eleven projects were selected for funding, including Tesla.

On January 21, Tesla received official permission to prepare the construction of a battery plant in Brandenburg, as the Federal Ministry of Economics and Technology (BMWI) has authorized "preliminary start of measures." After receiving confirmation of funding, Tesla can apply to build a battery factory in Brandenburg.

© 2021, Eva Fox. All rights reserved.

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Article edited by @SmokeyShorts, you can follow him on Twitter








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