Tesla buys a German company Grohmann Engineering

Tesla Motors company producing electric cars, has reached agreement to purchase the German company Grohmann Engineering GmbH, which designs automated lines for the production of batteries and fuel cells.

Tesla hopes that the purchase will help increase production of electric vehicles. It is important for companies intending to 2018 to increase production six-fold compared to current levels from 80 000 to 500 000 pieces per year.

Previously, the company Grohmann Engineering helped companies Daimler and BMW to build a production line for the production of batteries for electric vehicles.

The transaction must receive the approval of German regulators. Her financial details were not disclosed, and completion is scheduled for early next year. It is expected that within the next two years, the number of jobs at the company Grohmann in Germany will increase significantly. Today, the company employs approximately 700 people and has added more than 1,000.

Source: Reuters

Tags:
Tesla
, electric vehicle

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