Tesla announces new gigafactory in European expansion
by Samuel Gibbs and agencies from on (#20V1Q)
The acquisition of German engineering business Grohmann is part of a plan to cut costs, speed up production and increase quality
Tesla is making a "significant investment" in expanding its European operations, its CEO, Elon Musk, told investors on Tuesday, announcing a new "gigafactory" battery production plant and an automated manufacturing research centre.
The expansion follows the purchase of German firm Grohmann Engineering, which will be renamed Tesla Grohmann Automation. The company specialises in automated assembly systems serving the automotive, telecommunications, consumer electronics and biotechnology industries.
Continue reading...