Northvolt will do everything in its power to reach its 2021 launch target

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Stockholm — Northbolt CEO Peter Carlson wants to take on his old boss Elon Musk Most eco-friendly Electric car Batteries in the world. But he must first start producing them.

Swedes are determined to open a factory about 200 km south of the Arctic Circle this month. In short, he and his team of engineers and technicians work at a pace comparable to Santa’s little helper.

“We are currently working very hard to maintain that schedule. battery Made on New Year’s Eve and released this year. ” Reuters..

The lithium-ion plant was first built by a European company in the European Union and aims not only to compete with regional battery champions, but also to be a starting point. Tesla There are also Asian suppliers such as Panasonic, LG Chem and CATL.

Northvolt has raised more than $ 6.5 billion from companies such as: VolkswagenOver $ 27 billion in contracts from the European Commission and Spotify founder Daniel Ek, and automakers.

Will produce enough batteries to power 1 A Swedish factory in the former gold mining town of Skelefteo manufactures one million electric vehicles (EVs) each year, which are then supplied to other sectors that switch to electricity, such as industrial machinery and ferries.

Carlson aims to open at least two factories over the next 10 years.

Carlson, a former head of Tesla’s production and supply chain who resigned in 2015, has helped him in the snow-covered areas of northern Sweden with his experience expanding the billionaire’s California plant in collaboration with Mask. I hope that.

“During the years I spent in Tesla with Elon, I’ve come to know how fun building and expanding is, and how challenging it is,” Carlson said.

“As we start to scale, we always have supply chain problems … I think this will be a lot of focus over the next two years.”

EV battery recalls from some of the largest producers, coupled with the setting of “very complex” supply chains with both corporate and geopolitical risks, show how demanding large-scale battery production is. is showing.

Hans Eric Melin, founder of London-based consultancy Circular Energy Storage, said:

Green credentials

Northvolt currently employs approximately 2,500 people from 108 countries and plans to add another 5,000 engineers over the next five years.

With North Bolt Volvo Vehicles aiming to be fully electric by 2030 will announce a location in Europe for the Joint Gigafactory early next year.

“We were able to build our own batteries and start from scratch,” Volvo CEO Håkan Samuelsson said in an interview. “But I don’t think it’s efficient enough.”

The competition for talent is fierce. Most battery engineers are based in Asia, with Asian suppliers such as LG and Samsung SDI setting up factories in Europe. Other startups are also trying to gain a foothold.

Tesla is considering adopting the Gigafactory in Berlin.

Skelleftea, pronounced like “She left you,” cannot compete with the club scene in the German capital, and its climate is snowy from November to April and only a few during the winter. The sunshine of time can be a precursor.

However, Carlson uses environmentally friendly qualifications from the city and factories to attract engineers. Skelleftea operates primarily on renewable energy from hydropower and wind, and the plant is 100% renewable. Batteries are also recycled there.

“When we enter a new generation of skills and talents, the salary is not enough. They want a purpose. They want to be part of their mission,” he said.

However, money is still important and all employees are offered a portion of the company in the form of shares as part of their salary package.

And Northvolt has set up the entire ecosystem to accommodate staff far from South Korea. Japan India is engaged in social activities sponsored by housing and businesses, such as ice hockey and cross-country skiing. An electric helicopter will be operated between Skellefteå Airport and the factory under construction.

To carry out Northvolt’s expansion plan, the company needs to inject funds on a regular basis.

The $ 6.5 billion already raised isn’t enough, Carlson said.

Northvolt wants to gain at least 20-25% market share in Europe by 2030, so the Skelleftea plant aims to achieve a production capacity of 60GWh.

Last week, Volvo Cars and Northvolt announced that they would open a joint R & D center in Sweden as part of their $ 3.3 billion investment.

Consultant Melin said Northbolt could fully meet its production and market share goals.

“With a combination of tailwinds, a secure supply of raw materials, and products in the right place, I can’t see anything that can stop them, but they are big cases,” he said. ..

(Edited by Carmel Crimmins)

Northvolt will do everything in its power to reach its 2021 launch target

Source link Northvolt will do everything in its power to reach its 2021 launch target

The post Northvolt will do everything in its power to reach its 2021 launch target appeared first on Eminetra.

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