Tesla acquires core assets of Manz AG, a German industrial automation benchmark company

Tesla successfully bid for the core assets of bankrupt German industrial automation benchmark Manz AG through its German subsidiary Tesla Automation GmbH. The acquisition includes Manz AG's smart factory park in Regensburg, an industrial city in southwestern Germany. The park covers an area of ​​87,000 square meters and has the world's top Roll-to-Roll continuous coating production line and laser micro-machining equipment.