Tesla’s former employees to build a Gigafactory of lithium-ion battery in Europe, Asian market might see a tough competitor in future

It seems Asia is to face a tough competitor in the field of battery production very soon. Two former executives of Tesla have decided to establish a Gigafactory of lithium-ion battery in Europe.

Image result for lithium ion battery for vehicles

via: electriccarsreport.com

Peter Carlsson, former vice President of Supply Chain Management, officially announced to launch the factory called North Volt in partnership with Paolo Cerruti, former manager supply chain operations. Reportedly, the plan will be financially charged by Swedish investors who will pull around $4 billion in four steps.

The decision probably would be welcomed by the car manufacturers, as their reliance on Asian market might decrease, however, might not please Tesla that was dreaming for a status of sole competitor in the region.

Image result for Asian market for lithium ion battery

via: alliedmarketresearch.com

It is also reported that the two and the Swedish investors are looking for an appropriate construction site in the Scandinavia; particularly, Sweden or Finland.

The idea seems to be very sound as both of them are stout professionals who have extensive relevant expertise and confidence on their credits. Their acknowledged services at Tesla and other companies would give the project a strong start up. Carlsson, CEO of North Volt, headed the global sourcing and supply chain, while Cerruti planned supply chain operations. It is believed that the company had already been unofficially launched last year when the two left Tesla.

Image result for Carlsson, CEO of North Volt, headed the global sourcing and supply chain, while Cerruti planned supply chain operations.

via: channelnewsasia.com

Tesla had already started work on its Nevada plant in collaboration with Panasonic that is primarily targeted at Model 3. Besides, the idea of such a project for Europe is also in a pipeline that also interested the Swedish government. However, the entry of North Volt, in such a time, is a clear indication of potential tug-of-war in Europe for corporate dominance in the sector.

Image result for Tesla nevada [plant

via: greencarreports.com

The investors have hinted that enough capital and further crucial planning would take them to embark on production in 2020. And probably, 2023 would be the time when the growth is rocketed to ~32 GWh.

Via : https://techstunt.com

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