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Italy hopes for investment from Tesla amid Germany's opposition to expanding the factory there

Italy hopes for investment from Tesla amid Germany's opposition to expanding the factory there

By Mohamed nasar

Published: February 29, 2024


Italy is considering investment from the luxury American electric car company "Tesla," amid opposition from residents to plans to build a Tesla factory outside Berlin.

Today, Economy Minister Adolfo Urso indicated before the Industry Committee of the Chamber of Deputies in Rome that a plan for a major expansion in Germany was rejected.

Urso said: "This will definitely lead to a decision by the group," adding that they have been in discussions with Tesla for several months and "we are receiving a very positive response. But this is a process that requires caution."

He also pointed to contacts with car manufacturers from Asia, referring to the Chinese electric car company "BYD."

Michel Zhu, Managing Director of "BYD Europe," a subsidiary of the giant Chinese car company "BYD," said yesterday, Tuesday, that the Italian government is in communication with the company as part of the government's efforts to attract a new car company to the country alongside Stellantis, which produces Italian Fiat cars.
He added that the company's establishment of a second factory in Europe depends on its sales, "and we are making very good progress."
This comes while the government of Italy's Prime Minister Giorgia Meloni plans to attract a new major car company to Italy after Stellantis hinted at the possibility of moving some of its production from Italy to other less costly countries.
There was a clear majority against Tesla's expansion plans in a non-binding vote in the municipality of Grünheide outside Berlin in Brandenburg state earlier this month.

The car manufacturer wants to build a charging station, warehouses, and a daycare center for factory workers, in an area adjacent to the company covering about 170 hectares

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