germany's latest challenge to tesla - lithium ion battery for solar street light

German executives are preparing to announce a new home for lithium.
The ion battery plant is designed to compete with the production of Tesla's gigabit plant.
Terra E Holding GmbH will select one of the five candidate locations in Germany or neighbouring countries next month to build its 34 giva-
Frankfurt hour battery factory
The head office chief executive, Hogg gretzka, said in an interview.
The former manager of the German company ThyssenKrupp helped form a one-month German enterprise group and get government support for the project, which will break the full load running in the fourth quarter of 2019 in 2028, he said.
The battery factory is the latest symbol of the German industry, which is the fourth largest automobile manufacturer in the world.
The largest economy is preparing for a new phase of the energy revolution. Lithium-
Ion batteries can help stabilize the power grid's stroke and intermittent flow of solar energy.
They also plan to power millions of plugs.
It is expected that from the beginning of next decade, the German car production line will be offline.
"We have to do better than our competitors in terms of process technology and keep leading," Gritzka said . " He stressed that Terra E will rely on Germany's competitive advantage in manufacturing robots and automated production to make money. Global battery-
Production capacity will more than double to 278 gigawatts by 2021
Hours, from about 103 giva-
According to Bloomberg New Energy Finance, business hours in the second quarter.
Asian electronics manufacturers including South Korea LG Ltd.
And Samsung SDI
Control the market at present.
Once Tesla has completed the construction of $5, it will become the second largest battery manufacturer in the world (RM21. 3bil), 35 gigawatt-
According to the London Times, the one-hour Geely factory in Nevada
Based on researchers.
According to Gritzka, who declined to disclose the company's name, the consortium members of Angela Merkel's spokesperson Terra E may also become its customers.
Win the project of 5 euros. 2mil (RM26. 4mil)
The CEO said that in the German Ministry of Education and Research subsidies, more than a billion euros are expected to be needed before completion.
Terra E will seek strategic investors attracted by the government
Gritzka said paid research embedded in Terra Technology and approval from Chancellor Angela Merkel for the company.
In May, Merkel broke ground again at euro prices. RM2. 5bil)
Factory for assembling lithiumion energy-
Daimler makes storage units for Mercedes-Benz
Mercedes Benz and Maybach limousine.
According to Gritzka, Terra E will focus the battery on the fixture.
The project aims to develop an emerging market for mobile and non-mobile devices
Car power and storage, says Gritzka.
Demand for lithium storage is expected to be faster in the next decade. —