BERLIN, Nov 26 (Reuters) - Tesla has withdrawn its
application for state funding for its planned battery plant in
Brandenburg, just outside Berlin, a spokesperson for the economy
ministry said on Friday.
"Tesla continues to stick to its plans for the battery
factory in the Gigafactory Berlin-Brandenburg, but will do
without state IPCEI funding," the spokesperson said, referring
to European subsidies allocated to so-called 'Important Projects
of Common European Interest'.
The European Union in January approved a plan that included
giving state aid to Tesla, BMW and others to support
production of electric vehicle batteries and help the bloc to
reduce imports from industry leader China.
Tesla was expected to receive 1.14 billion euros https://www.reuters.com/business/autos-transportation/german-decision-tesla-subsidies-expected-by-end-year-2021-09-05
($1.28 billion) in EU funding under the plan, with a final
decision likely by the end of the year.
Construction at the factory site, which Tesla CEO Elon Musk
said he hoped could start producing cars by the end of this
year, has made good progress in the last few weeks, the
($1 = 0.8876 euros)
(Reporting by Christian Kraemer, Victoria Waldersee, editing by