An ex-Tesla executive starts a $4.2 Billion competitive business

A former Tesla Inc. executive founded the Swedish company NorthVolt AB, in an attempt to cut the cost of storing power in half with a 4 billion euro ($4.2 billion) lithium-ion battery factory, as Bloomberg reports.

"The Stockholm-based company wants to raise 1 billion euros by 2018, when it plans to break ground on a factory during the second half of the year, according to founder Peter Carlsson, who was Tesla’s former head of sourcing and supply chains. NorthVolt will announce a shortlist of possible Swedish manufacturing sites in about a month." Κάνοντας Like στο Facebook ενημερώνεστε άμεσα για τα νέα άρθρα -->