An Ex-#Tesla Exec’s $4.2 Billion Battery Battle With #Musk

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.

Read more at: https://www.bloomberg.com/news/articles/2017-03-13/to-take-on-tesla-sweden-s-northvolt-seeks-1-billion-next-year

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