UPDATE 1-Tesla to invest $250 million in battery plant outside Berlin

Tesla Motors, Inc.

Tesla Motors, Inc.

TSLA

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Adds details from statement

BERLIN, May 12 (Reuters) - 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, in a move set to boost jobs in the area and strengthen its supply chain, 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.

"The ramp-up of battery cell production will also be accompanied by a significant increase in labour demand," the statement added.

"From battery cells to electric vehicles, everything is expected to be produced at a single location starting in 2027."


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