ENERGY MINERALS

'Giga Berlin... will build batteries, powertrains and vehicles...'

Elon Musk points to plans for new gigafactory in Germany

Staff reporter

This article is 5 years old. Images might not display.

"Giga Berlin… will build batteries, powertrains and vehicles, starting with Model Y," he tweeted.

His electric vehicle and energy company, Tesla, built its Gigafactory 3 in Shanghai this year.

The company unveiled its first Model 3 vehicles made in China this month.

Musk told an awards ceremony in Germany the "Gigafactory 4" would be built near the new Berlin airport, Reuters reported.

Former Tesla employee and now Benchmark Mineral Intelligence's principal consultant Vivas Kumar recently told Mining Journal he believed battery raw material producers would need to significantly ramp up their capacities within the next five years - otherwise car companies would need to drastically reduce their EV plans.

There is a current over-supply of lithium but a panel at LME Week in October agreed the battery mineral had a bright future, while others are concerned about a critical shortage of nickel to drive the EV revolution.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.