# TESVOLT to build EUR 60 million Gigafactory in Wittenberg

TESVOLT is investing around EUR 60 million to build a new Gigafactory in Lutherstadt Wittenberg, Germany, with construction starting in spring 2023 and completion planned in 2024, creating over 400 jobs and increasing production capacity tenfold to up to 4 GWh per year.

- Type: New facility
- Announced: 2023-02-13
- Where: Lutherstadt Wittenberg, Saxony-Anhalt, Germany
- Jobs: 400
- Starts operating: 2024
- Status: announced
- Capacity: 4 GWh per year
- Products: stationary battery storage systems
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [TESVOLT](https://endata.com/companies/68524.md)

## Sources

- [tesvolt.com](https://www.tesvolt.com/en/press/tesvolt-invests-around-eur-60-million-in-new-gigafactory-in-lutherstadt-wittenberg.html), 2023-02-13: "TESVOLT invests around EUR 60 million in new Gigafactory in Lutherstadt Wittenberg - Construction to begin in spring 2023 with completion planned in 2024 - Creation of more than 400 new jobs - Current production capacity set to increase tenfold"
- [eqs-news.com](https://www.eqs-news.com/news/corporate/tesvolt-invests-around-eur-60-million-in-new-gigafactory-in-lutherstadt-wittenberg/9502d3ab-29cc-454c-bd7e-d5745bdb038f_en), 2023-02-14: "TESVOLT is investing around EUR 60 million in the construction of the two new buildings and the renovation of existing facilities."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.