An ex-Tesla exec's USD 4.2 billion battery battle with Musk

A former Tesla executive is giving his former employer a run for its money with plans to launch a 4 billion euro lithium-ion battery factory via his Swedish company.

Batteries for electric cars will be among the productions if the factory becomes reality

BY ANNA HIRTENSTEIN, BLOOMBERG

NorthVolt AB, the Swedish company founded by a former Tesla Inc. executive, wants to cut the cost of storing power in half with a 4 billion euro (USD 4.2 billion) lithium-ion battery factory.

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