Siemens plans on investing up to EUR 600 million in its historic Siemensstadt (Siemens City) campus in Berlin. It is the largest single investment in the company’s history and reflects Germany’s strength as an innovation hub.
Location / Eastern Germany
Wittenberg will shortly become home to Europe’s first-ever gigafactory, a lithium battery installation facility with an annual production capacity of more than a gigawatt hour.
Leading international lithium-ion battery maker Farasis is opening up a major production facility for electric automobile batteries near Bitterfeld in the eastern German state of Saxony-Anhalt.
On a visit to the Japanese capital in May, Berlin’s mayor announced that Japanese company Nippon Telegraph and Telephone (NTT) would be investing more than a hundred million of euros in his city in the years to come.
Berlin got a royal visit in May as Crown Prince Haakon of Norway launched a German version of the Norwegian networking platform The Explorer. The launch took place as part of the GreenTech Festival in the German capital, where three Norwegian firms were nominated for Green Awards.
Germany’s population of fairy-tale start-ups grew by one in May, when the travel platform Getyourguide cleaned up $484 million in capital funding.
The thriving healthcare and medical technology sectors of the German state of Mecklenburg-Vorpommern continue to grow.
The company produces mechatronic products for the interiors of premium vehicles and battery-powered cars.
Among the factors that made Erfurt attractive to the company was its central location, its excellent railway and autobahn connections, and the talented pool of potential employees in the local university landscape.
The European Union, the state of Saxony-Anhalt and the Fraunhofer-Gesellschaft are giving a combined EUR 10 million to the Fraunhofer Pilot Plant Center for Polymer Synthesis and Processing (PAZ) in Schkopau, which has been helping its customers perform polymer synthesis and processing procedures on an industrial-orientated scale since it opened in 2005.