#Germany to Take on #Tesla With #Gigafactory Rival

Image result for Germany  & TerraE &  Gigafactory

#Terra E Holding GmbH will choose one of five candidate sites in #Germany or a neighboring country next month to build its 34 gigawatt-hour battery factory, #Frankfurt-based Chief Executive Officer Holger Gritzka said in an interview. The former #ThyssenKrupp AG manager has helped to assemble a consortium of 17 #German companies and won government support for the project, which will break ground in the fourth quarter of 2019 and reach full capacity in 2028, he said.

Read more at: https://www.bloomberg.com/news/articles/2017-08-03/germany-giving-gigafactory-a-home-in-latest-challenge-to-tesla

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