Tesla to hold citizen information session on expansion plans for German plant By Reuters

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<span>© Reuters. FILE PHOTO: A general view shows the Tesla logo on the Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. REUTERS/Annegret Hilse</span><br />
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<p>BERLIN (Reuters) &#8211; Tesla (NASDAQ:) is due to hold a question-and-answer session on Tuesday for citizens in the German state of Brandenburg on the ramifications of a planned expansion of its EV and battery plant which would make the site the biggest car plant in the country.</p>
<p>The event could help the U.S. carmaker prevent delays to securing the go-ahead from local authorities for the expansion plans similar to those it faced in preparing to open the plant, when numerous citizen objections put it behind schedule.</p>
<p>Citizens will be able to ask Tesla workers questions on a range of topics covered in its application to authorities for the expansion, from water usage and emissions to working conditions.</p>
<p>Local environmental groups have expressed several concerns over the electric vehicle (EV) plant from the impact of tree-felling to its water usage. </p>
<p>Tesla has long argued the plant&#8217;s impact is relatively low and pointed to the benefits of EVs in combating climate change.</p>
<p>Tesla plans to double the capacity of its EV plant to one million vehicles per year, far outstripping the next-largest plant in Germany &#8211; Volkswagen (ETR:)&#8217;s Wolfsburg headquarters, which has a capacity for 800,000 cars but has struggled to ramp up and last year produced around 400,000.</p>
<p>Tesla&#8217;s plant currently produces around 5,000 cars a week with 11,000 staff. The battery plant is assembling modules, but the company said in February it was not yet producing cells locally.</p>
<p>While Volkswagen still holds the highest market share in EVs in the region, Tesla is making its mark. Its Model Y was the bestselling car in Europe in the first quarter of the year. </p>
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<br /><a href="https://www.investing.com/news/stock-market-news/tesla-to-hold-citizen-information-session-on-expansion-plans-for-german-plant-3127469">Source link </a></p><p>The post <a href="https://forextraderhub.com/tesla-to-hold-citizen-information-session-on-expansion-plans-for-german-plant-by-reuters.html">Tesla to hold citizen information session on expansion plans for German plant By Reuters</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>