Chemicals giant BASF picked a site in the eastern German state of Brandenburg for its second European battery materials factory, part of a 400-million-euro investment plan to tap into the growing electric-vehicle market, the supplier said, quoted by Automotive News. The choice of location gives another boost to the economically weaker former communist east of the country after EV pioneer Tesla in November laid out plans for its first European factory and design center near Berlin.

The German government, which is eager to foster electric mobility jobs in Germany to offset an expected decline in combustion engine production, will give state support of more than 100 million euros to the BASF project, federal economy minister Peter Altmaier told Reuters. The two factories will be able to produce enough cathode materials for 400,000 full-electric vehicles per year, the company said.

4 Comments

  1. Oh,…..They create chemistry. Good job!

  2. mmm site Brandenburg in Germany.

  3. Fridrih Great

    What an investment.

  4. Brand Local Guide

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