Next year the construction of Tesla’s Gigafactory 4 in Grünheide near Berlin is to begin. The industrial group Thyssenkrupp also wants to participate in this.

In 2020, construction of the new Tesla gigafactory in Grünheide, south-east of Berlin, is to begin. The industrial group Thyssenkrupp also wants to participate in the construction project.

Industrial giant needs new customers

As reported by the Handelsblatt, Thyssenkrupp Executive Board member Klaus Keysberg said at the Handelsblatt industry summit, when asked, that talks were underway on the implementation of certain services. There is a simple reason for this: According to the Handelsblatt, the group made a loss of 260 million euros last year – not least because of the slump in the steel business and the reluctance to invest in the auto industry. In addition, Thyssenkrupp was affected by the downturn on several levels: in the aforementioned steel sector, the supply business and plant construction, which among other things manufactures equipment for vehicle production.

Worthwhile project

Participation in the construction of the gigafactory could be lucrative. After all, as the Handelsblatt reports, Tesla spent more than two billion US dollars on the construction of his site in Shanghai.

Construction of the factory is scheduled to begin in spring 2020, and from 2021, 100,000 vehicles per year are to be produced.