Hyperdrive
Europe Pushes on With Gigafactory Plan to Rival Tesla
- Germany and France to open factories to supply electric cars
- Opel and Saft plan to employ 2,000 by 2024 in Kaiserslautern
This article is for subscribers only.
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.
Germany and France set out a blueprint for a giant battery factory, advancing Europe’s 5 billion euro ($5.5 billion) bid to rival the capacity of Tesla Inc. China to supply the key part for electric vehicles.