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Must-Knows about Tesla’s German Gigafactory 4
During the Golden Steering Wheel awards ceremony, Tesla’s (TSLA) CEO Elon Musk revealed that Berlin was selected for the company’s next Gigafactory.
Raw materials – the biggest cost driver in the auto industry
Raw materials contribute about 47% to the cost of a vehicle. On average, an automobile is 47% steel, 8% iron, 8% plastic, 7% aluminum, and 3% glass.