Tesla to reach deal with Germany to buy 300 hectares of land for 300

BERLIN, Jan 20 (Xinhua) — U.S. electric car maker Tesla has agreed to buy a plot of land on the outskirts of Berlin, starting construction at its first superfactory in Europe, local authorities said on Sunday, local time, according tomedia. In November 2019, Tesla announced that it would build a superfactory in Gruenheide, in the eastern German state of Brandenburg. German carmakers are now actively working to launch Tesla’s competitive models, which could push for more competition in the electric car sector.

Tesla to reach deal with Germany to buy 300 hectares of land for 300

The Tesla board of directors approved a land purchase agreement with Brandenburg on Saturday local time to purchase the 300-hectare site, Brandenburg local government spokesman Florian Engels said in a statement. The state legislature’s finance committee approved the deal on January 9.

A Tesla spokesman confirmed the deal.

Engels said the initial land purchase price set out in the agreement was 40.91 million euros ($45.36 million, 311 million yuan) and could be revised if there was a objection to the outside review. He added that the site was located in a designated industrial area and that it was currently being examined for weapons left over from World War II, as there were likely to be unexploded bombs underground.

Politicians, unions and industry groups welcomed Tesla’s arrival, which is expected to create as many as 7,000 jobs in Brandenburg. But some 250 locals took to the streets to protest, fearing the plant could endanger water supplies and wildlife in the surrounding forests. (Small)