Tesla, ThyssenKrupp in talks on German factory deal - report

Thursday, 12. December 2019 18:30

German steel manufacturer and industrial engineer giant ThyssenKrupp is in talks with Tesla on participating in the construction of the American electric carmaker's first European Gigafactory, Handelsblatt reported on Thursday citing sources from ThyssenKrupp.

"We are in talks over carrying out certain services," Klaus Keysberg, board member in charge of steel and materials services at Thyssenkrupp stated but did not want to provide any further details.

In November, Tesla CEO Elon Musk announced the company will build its fourth Gigafactory, as well as an engineering and design center in Germany. According to media reports, Tesla intends to make 500,000 per year at the new factory.

Related Links: ThyssenKrupp AGTesla Inc.
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