Ex-Tesla manager seeks $4 billion for Europe’s biggest battery plant
A former Tesla executive is trying to raise at least $4 billion to build Europe’s biggest battery factory in Sweden to meet an expected surge in demand as the region’s automakers switch to electric vehicles.
Peter Carlsson, who managed Tesla’s supply chain before returning to his native country, believes European carmakers’ push into electric propulsion implies demand for batteries that far exceeds anything now planned.
