The construction of Tesla’s Gigafactory just outside of Berlin has prompted a flood of inquiries for e-mobility-related investments in the eastern German state of Brandenburg.
Investors / Top Investments
When the biggest manufacturer of e-vehicle batteries in the world announced it was building a EUR 1.8 billion plant in Thuringia, eastern Germany, it gave other foreign companies confidence to follow.
New challenges, new work environments, new needs: in Bremen, as in many other regions, 2020 will go down in history as the year of digital change. Despite the crisis, Germany’s smallest federal state recorded 40 foreign direct investments (FDI) with around 252 jobs created last year.
The Latvian startup Maritime Digital relocated its headquarters from Riga to Lübeck in August 2020.
Brandenburg is becoming one of the leading locations of Germany’s mobility and energy transition. This attracts more and more investments to the state. The biggest will be the TESLA Gigafactory for electric cars in Grünheide, near Berlin. TESLA now wants to expand on this with a battery factory.
300 million euros, 40 million, 20 million – foreign companies continued investments in Baden-Württemberg also in 2020.
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US-companies Google and Wayfair, Dutch AMG, Swedish Volvo and Klarna, and South-Korean Posco invest in Hessen.
Japanese, Polish, Norwegian and French investments in the North of Germany.
Thuringia stands out as a blockbuster investment location in Europe’s heartland, even in years as turbulent as 2020.