Confidence of partnership apparent from announcement on Siemens' website by way of a joint press release. No such announcement from Siemens re: 'supply & quote' deal in NY. Direct funding from Siemens in addition to Scania's investment of 10 million euros, 52 million euros from the European Investment Bank with Swedish Energy Agency providing around 15 million euros.
Apart from tax credits, only financial support for NY is Magnis via CR and C4V stake.Why will no 3rd party company back the bone battery?
Here's Siemens announcement:
https://www.siemens.com/press/en/pr...ssrelease/2018/corporate/pr2018050201coen.htm
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Northvolt's scale up looks realistic given partners & funding:
https://www.electrive.com/2018/05/2...northvolt-with-battery-cell-factory/[/BCOLOR]
"The Northvolt Gigafactory will be built in the Swedish city Skellefteå, where production is scheduled to begin in 2020 with around 2,000 employees and an annual production volume of 8 GWh. By 2023 the production will reach 32 GWh."
Be interesting to see how Upreti's pilot line goes...
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