Climate Changed
Move Over Tesla, Europe's Building Its Own Battery Gigafactories
- Global battery capacity set to double by 2021 and slash costs
- Daimler joins Tesla in investing in battery factory capacity
Europe Plans Own Battery Gigafactories, Challenging Tesla
This article is for subscribers only.
Battery-making gigafactories are about to arrive in Europe, challenging a lead Tesla Inc. is building at a plant in Nevada and opening the way for a quicker shift toward green power for both cars and utilities.
German Chancellor Angela Merkel on Monday is scheduled to break ground at a 500 million-euro ($543 million) plant to assemble lithium-ion energy-storage units for Daimler AG, which produces Mercedes-Benz and Maybach luxury cars.