Tesla to invest in battery-cell production in Gruenheide

FRANKFURT, Dec 16 (Reuters) - Tesla TSLA.O is creating the conditions to produce up to 8 gigawatt hours of battery cells a year at its German gigafactory in Gruenheide near Berlin starting in 2027, the U.S. automaker said in a statement on Tuesday.

"To this end, we are investing another three-digit million amount in cell production," it said, adding this would take total investments in the local cell factory to nearly 1 billion euros ($1.2 billion).

($1 = 0.8495 euros)