Move Over Tesla, Europe’s Building Its Own Battery Gigafactories

Battery-making gigafactories are about to arrive in Europe, challenging a lead Tesla Inc. is building at a plant in Nevada and opening the way for a quicker shift toward green power for both cars and utilities.
German Chancellor Angela Merkel on Monday is scheduled to break ground at a 500 million-euro ($543 million) plant to assemble lithium-ion energy-storage units for Daimler AG, which produces Mercedes-Benz and Maybach luxury cars.

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