Deutsche Bank and Creditors Push Ahead with Varta Breakup After Apple Order Cancellation Deutsche Bank and creditor funds begin sale of Varta’s battery unit after Apple cancels orders; Allswiss rescue …
Battery
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Business
Tesla Announces Up to 18 GWh Battery Cell Production Ramp-Up in Gruenheide
by Leo Müllerby Leo MüllerTesla to produce battery cells at Grünheide with 18 GWh target Tesla battery cell production in Grünheide will aim for up to 18 GWh capacity and more than €1 billion …
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Business
Tesla Grünheide expansion to add 3,500 jobs and battery production
by Leo Müllerby Leo MüllerTesla Grünheide to scale up production, add 3,500 jobs and expand battery-cell operations Tesla Grünheide to ramp up output in 2026, expand battery-cell plans and create 3,500 jobs while facing …
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Business
Northvolt declares bankruptcy as Lyten acquires Schleswig-Holstein battery plant at steep discount
by Leo Müllerby Leo MüllerNorthvolt battery plant in Schleswig-Holstein sold to start-up Lyten after project collapse Swedish battery maker Northvolt’s failed Northvolt battery plant in Schleswig-Holstein has been taken over by start-up Lyten, after …
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German Premium Automakers Say They’ve Closed EV Battery Gap German premium automakers claim to have closed the EV battery gap, calling a “new era” as Mercedes and BMW step up …
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German premium automakers say they have closed the EV and battery technology gap German premium automakers say they have closed the gap in EV and battery technology, with Mercedes and …
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Technology
German premium automakers announce battery gap closed as CEOs hail new era
by Helga Moritzby Helga MoritzGerman Premium Automakers Declare ‘New Era’ as Mercedes and BMW Push EV Drive Mercedes and BMW chiefs declare a new era as German premium automakers accelerate electric vehicles with heavy …
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Business
Bosch announces 28,000 job cuts as it pivots away from battery production
by Leo Müllerby Leo MüllerBosch restructuring: German cuts and strategic shift as auto industry pivots to electrification Bosch restructuring prompts plans to cut about 28,000 jobs in Germany as the supplier recalibrates amid falling …
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Business
Tesla announces $250 million Grünheide expansion to boost battery cell output to 18 GWh
by Leo Müllerby Leo MüllerTesla expands Grünheide battery cell production with $250 million investment Tesla to invest $250M (€210M) to expand Grünheide battery cell production to 18 GWh, hire 1,500 workers, and integrate cell …
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Business
Battery storage firm Fenecon warns Minister Reiche’s remarks unsettle German energy market
by Leo Müllerby Leo MüllerBavarian Firm Fenecon Scales Battery Storage from Used Car Batteries, Owners Criticize Minister Reiche Fenecon builds battery storage systems from second‑life car batteries in Lower Bavaria, driving local growth while …