German Consortium Competing With Tesla For World’s Largest Battery Factory

By Jon LeSage Germany wants to rival Tesla’s Gigafactory in battery production to power millions of upcoming electric vehicles and for storing renewable energy.
TerraE Holding GmbH will choose a company out of five candidates next month to build a 34 gigawatt-hour battery factory, according to TerraE’s chief executive Holger Gritzka. The former ThyssenKrupp executive led a consortium of 17 German companies and won government funding for plant.
The plant is scheduled to break ground in 2019 and reach full capacity by 2028, the chief executive said.
TerraE was founded in May 2017 by six member companies wanting to form a consortium supporting large-scale manufacturing of

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