Tesla, California’s pioneering EV builder, will acquire a 700-acre site near Berlin for its first large-scale EV factory. The purchase price has not been finalized. Some local folk are protesting the approval process.
Insolvency proceedings have been underway for Solibro GmbH since late summer, and business operations have long been suspended. This week another Hanergy subsidiary, Solibro Hi-Tech, has also declared insolvency.
The EV and battery maker wants to start production of its Model 3 for the Chinese market by the end of the year. Next year, according to high-profile CEO Elon Musk, mass production of electric cars will start there, and this is expected to include their batteries as well.
China’s Ministry of Commerce is arguing that the 30% import duties on solar products from China and other nations do not comply with WTO rules. The Chinese government added that its solar industry could be seriously damaged.
The company’s U.S. subsidiary is part of the purchasing agreement, which appears to come just in time as the factory in Shelby was running out of funds to operate.
The PV module manufacturer started negotiations with Jabil after the United States introduced duties on solar imports. Recom plans to restart manufacturing activities with Jabil’s 700 MW production equipment in the first quarter of 2019. Where exactly this will take place has not been disclosed yet.
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