Former Tesla executives plan to build $4bn Nordic battery plant

Two former Tesla executives are aiming to set up Europe’s first big battery factory in an attempt to rival Asian manufacturers that dominate the industry as the fight to power electric cars heats up.

Peter Carlsson, a Swede who was the former supply chain head for Tesla until 2015, will on Tuesday announce plans to set up a $4bn factory in the Nordic countries, using in part metals mined in the region.

read the full article at the financialtimes here:

https://www.ft.com/content/29e1e89e-0273-11e7-ace0-1ce02ef0def9