TESVOLT

Tesvolt has begun construction of a new gigafactory in Lutherstadt Wittenberg, Germany, with an investment of €30 million for the first phase. The factory will produce 80,000 energy storage systems (4 GWh) annually, create over 400 jobs, and is expected to start operations in 2025.

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.