Market Overview

Tesla's Battery Production In Germany Will Bring 'Completely New Batteries': Report

Share:
Tesla's Battery Production In Germany Will Bring 'Completely New Batteries': Report

Last week, we learned Tesla Inc's (NASDAQ: TSLA) battery production will be located near the new Gigafactory being constructed in Berlin, Germany. Now it seems those batteries will be something we've never seen before.

Electrek reports of a translated quote from Jörg Steinbach, Minister of Economics, that the batteries built in Germany will be better than the companies batteries we know of today. More information might be available during the company's battery investor day, expected Sept. 22.

"The electric car batteries that Tesla wants to produce in Grünheide are said to outshine all previous car batteries. There is a “completely new technology” behind the power storage," Steinbach was quoted as saying.

Benzinga's Take: Tesla is continuing to push the envelope when it comes to electric vehicle technology. It looks like the company's latest technology is impressing the experts involved. We will find out more about Tesla's advances in September, and hopefully hear more about the battery production in Germany.

 

Related Articles (TSLA)

View Comments and Join the Discussion!

Posted-In: electric vehicles EVs GermanyNews Tech Media Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com