'Tesla To Invest Extra $250M For Annual Production Of 18 GWh Of Battery Cells In Gruenheide, Germany; Gruenheide Cell Battery Plant To Need Over 1,500 Employees; Battery Cells To Electric Vehicles Production At One Site Probably From 2027' - Reute...

Tesla Motors, Inc.

Tesla Motors, Inc.

TSLA

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U.S. electric car maker Tesla TSLA.O will invest almost $250 million in ramping up battery cell production capacity at its factory outside Berlin, the company said on Tuesday.

The investment is intended to create the conditions for annual production capacity of 18 gigawatt hours at the site in Gruenheide, south-east of the German capital, up from a previous 8 GWh, a statement said.

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