The funding will need to come from auto manufacturers as Tesla has been doing already.
Article below talks of investment by VW and the European Investment Bank in Northvolt who have raised EUR1Bn to build a plant in Sweden. In addition, VW is planning additional investment in their own plant as per quote below:
"Northvolt also said that it was also planning on setting up a joint venture with Volkswagen to build another battery factory in Salzgitter, Germany.
In May, Volkswagen already announced it would spend close to €1 billion building a factory for battery cells in Salzgitter."
Once auto makers start to realise that the only way to secure battery supply is to build their own or control mega factories through capital investment, the rush will be on to build them. Yes, it takes time as well as money. However, Tesla has demonstrated in Shanghai how quickly a factory can be built if you've done it before (i.e. have the know how and have contractors in tow) and have the money.
Those investment decisions in new battery factories will include a need to lock down a secure supply of needed raw materials.
https://www.euractiv.com/section/ba...es-1bn-funding-for-europes-first-gigafactory/
All IMO and good luck to all long term holders.
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