Tesla's 'Made in Germany': Musk sets up shop in Berlin

BERLIN: Tesla will build its first European factory and design centre near Berlin, giving the U.S. electric car pioneer the coveted"Made in Germany" label just as local rivals Audi, BMW and Mercedes prepare to launch competing cars.

Germany's powerful manufacturing industry has been slowing, with data on Thursday set to show whether Europe's biggest economy has slipped into recession for the first time since 2013. "Tesla's decision to build an ultra-modern factory for electric cars in Germany is further proof of the appeal of Germany as an automotive hub," Economy Minister Peter Altmaier said on Wednesday.

Altmaier said there had been no discussion so far about any subsidies for Tesla's plans, adding the company would be treated like all other carmakers.In a high-profile example of the impact of Brexit, Musk said he picked Germany for his new factory over Britain because of uncertainty over the nation's exit from the European Union.

German carmakers and suppliers are preparing to build more than 150 electrified vehicles by 2023, VDA said.

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