Tesla announced its intention to build a new battery manufacturing plant in India. It will be the company's largest venture outside the United States, reflecting Tesla's growing interest in Asian markets.
The new plant will produce a new generation of batteries that will provide an increased power reserve for electric vehicles and reduce charging time by 20%. The plant is expected to start operating as early as 2027 and create more than 10,000 jobs in the region.
The Indian government welcomed the decision, promising Tesla tax breaks and infrastructure subsidies. This is an important step to strengthen relations between Elon Musk's company and the Indian authorities.
"Tesla is looking for new growth points, and India is becoming a key market due to its population size and government support for green technologies," said Amit Pattel, an energy analyst.
