Porsche Battery Factory For North America, Brandenburg Nixes Tesla Battery Factory For Now
A battery factory needs lots of electricity and water. Access to both at the lowest possible cost is the key to profitability. Subsidies, when available, are a big part of the equation as well. This week, those two factors have had a big impact on the battery factory plans of both Porsche and Tesla., Porsche has ruled out building a battery factory in Germany due to the high cost of electricity.
According to Meschke, Porsche is already “in advanced talks with strategic investors” and wants to make a decision by the end of this year. It is not known whether these investors are purely financial backers or whether Porsche also wants to cooperate with technology or production partners from the battery sector.
On the other hand, the US may not have quite as much access to cheap electricity, but the Inflation Reduction Act provides substantial production tax credits for batteries manufactured within its borders. . Those plans included a battery manufacturing component. This week, the Water Management Department of the Brandenburg State Office for the Environment denied permission for Tesla to proceed with the battery factory expansion, which will include the production of battery cells as well as the assembly of battery packs.
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