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Tesla and SRAM & MRAM agree to build 5 gigafactories in India and 15 other countries, including the U.S., for EV batteries.
Tesla Group a.s. and SRAM & MRAM Group have agreed to a $1 billion deal to build five gigafactories across India and 15 other countries, including the U.S., Brazil, Malaysia, and the UAE.
The facilities, each spanning about 500 acres, will support a global battery manufacturing and storage supply chain for electric vehicles.
SRAM & MRAM Group will handle regulatory approvals, incentives, and local partnerships, while Tesla Group a.s. will manage design, engineering, and construction.
The project aims to advance sustainable development and expand EV infrastructure worldwide.
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Tesla y SRAM & MRAM acuerdan construir 5 gigafactorías en la India y otros 15 países, incluido Estados Unidos, para baterías EV.