Tesla Withdraws State Funding Application for German Battery Plant

Tesla Withdraws State Funding Application for German Battery Plant
A view shows the entrance to the construction site of the future Tesla Gigafactory in Gruenheide near Berlin, Germany, on Aug. 12, 2021. Hannibal Hanschke/Reuters
|Updated:

BERLIN—Tesla has withdrawn its application for state funding for its planned battery factory near Berlin, the electric vehicle maker said on Friday, adding that construction plans were unchanged.

The European Union in January approved a plan that included giving state aid to Tesla, BMW, and others to support production of electric vehicle batteries and help the bloc to reduce imports from industry leader China.