32Gwh is long term goal so around 32ktpa of spherical needed. No time like the present to build relationships and EcoGraf well placed given green imperatives of new plants.
"We have this consortium because we see great potential and Northvolt could be another supplier of battery cells for us,” he said, adding that Northvolt had to “build up and ramp up” cell production before any supply deal could be reached."
"Northvolt, set up by former Tesla executive Peter Carlsson, needs to raise close to 4 billion euros ($4.6 billion) in equity and debt to finance its plans of building a factory to produce 32 gigawatt hours (GWh) of battery capacity a year by 2023.'
KNL Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held