Northvolt: $4 billion electric-car battery plant planned for Sweden by former Tesla execs - 24 volt lifepo4 battery pack

Tesla is now ramping up lithium
Ion batteries produced in the United StatesS.
"Gigabit factory" near Reno, Nevada ".
But automakers have discussed plans for at least one additional Gigabit battery plant, presumably to meet battery needs related to large batteriesscale electric-
Car production outside the United StatesS.
While Tesla is still considering a second battery plant, two former executives at the company are planning to build their own.
Don't miss it: according to the Financial Times, Tesla started battery production at Gigafactory, showing investors that Swedish Startup Northvolt plans to build a $4 billion in Nordic countries
The company was created by former Tesla supplier Peter Karsson
It is also the chain owner of Northwater CEO.
The company's chief operating officer is Paul serruty, another former Tesla executive. Northvolt—
SGF Energy-
Plans to start lithium production
Ion batteries by 2020 and would like to produce 32 gigawatts-
The number of cells was hours by 2023.
If completed, Northwater's plant will be the first and biggest attempt in Europe to compete with Asia, which currently dominates lithium.
Electric vehicles are made of ion batteries.
"If no one does anything, Europe will rely entirely on Asian supply chains," Karsson told the Financial Times . " He added, "both now and in the future. "As electric-
Car sales growth, concentration of batteries-
Manufacturing infrastructure in Asia is also worrying German policymakers.
See also: The German government is worried that auto makers are vulnerable to electricity
Auto impact (December 2016) an internal report released by the German Ministry of Economy warned that China's big auto industry lagged behind production power at the end of last year
Automotive components such as battery packs.
This could lead to "long-term reliance on Asian manufacturing" for these parts, the report said ".
Northwater is particularly interested in building a battery plant in Sweden, but because of the country's large lithium reserves, Northwater is also interested in Finland.
In fact, the Finnish city of Vaasa sold Tesla's future Gigabit plant directly last year, located in courstin, close to the largest of these deposits.
Finland is also home to a large number of cobalt used in lithium-
But because hedge funds buy stocks, ion batteries have recently become more difficult to buy.
See: Why does a Finnish city think it is ideal for the next Tesla Gigabit plant (December 2016) in addition to raw materials, and Northwater wants to place the plant near renewable energyenergy sources.
Executives at Northwater did not elaborate on plans to provide batteries for electric vehicles, but they do not expect to compete with former employers.
Tesla only produces lithium.
The ion battery and battery pack that you use, believe big-scale, in-house lithium-
Ion production is necessary to meet its ambitious power needsCar sales target.