Tesla Group and SRAM & MRAM sign deal for battery factories in India
Tesla Group a.s. and SRAM & MRAM Group have entered into a USD 1 billion agreement to establish five battery energy storage system (BESS) gigafactories in India, along with 15 additional facilities in other countries. The partnership seeks to create one of the largest global supply chains for electric vehicle batteries and storage systems. Tesla Group a.s. will oversee the design, engineering, and construction of the factories, while SRAM & MRAM will handle single-window clearances,…