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. “If nobody does anything, Europe is going to be completely dependent on an Asian supply chain. Europe has the opportunity to act for its own energy independence. It’s now or never,” Mr Carlsson told the Financial Times.
FT 6th March 2017 read more »