Tesla Motors has announced that it will be acquiring Grohmann Engineering, a firm based in Germany. Through the acquisition deal, the engineering firm will become the leader of Tesla’s new Advanced Automation facility, which will be based in Germany. The facility is dedicated to aiding Tesla in increasing the automation and efficiency of its manufacturing process. Tesla has shown heavy support for automation as it would allow the company to produce its electric vehicles much more quickly and, potentially, at lower cost in the future.
Improving manufacturing will make producing electric vehicles less expensive and more efficient
Elon Musk, CEO and co-founder of Tesla, notes that this will be the first significant acquisition in the company’s history. Grohmann Engineering was the company’s first choice for acquisition because of the firm’s history of expertise in engineering services. This expertise will play a major role in Tesla’s future plans, especially in terms of manufacturing. The company intends to ramp up production in the coming years in an effort to make electric vehicles much more available to consumers. Automation may also end up making these vehicles more affordable.
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