Panasonic introduced that it’s exploring the potential of producing lithium-ion batteries in Europe, particularly in Norway.

The Japanese firm signed a Memorandum of Understanding (MoU) with power firm Equinor and industrial group Hydro, to type a strategic partnership on this matter. One of many essential necessities can be to make the enterprise sustainable and cost-competitive.

The trio intends first to verify whether or not there will probably be prospects for EV batteries, in addition to batteries for different functions. The preliminary findings are anticipated round mid-2021 and doubtless that is once we will hear, whether or not there will probably be or won’t be a gigafactory in Norway.

“As a part of this preliminary part, the businesses will instantly have interaction potential prospects in Europe’s automotive and non-automotive industries and enter into dialogue with related authorities in Norway and in Europe aiming at making certain aggressive framework circumstances for this joint battery initiative. Preliminary findings are anticipated round mid-2021.”

One of many first potential buyer that involves thoughts is Tesla, however so far as we all know, Tesla wish to produce the cells at its Giga Berlin website (at the least sooner or later sooner or later).

The opposite potential main buyer in Europe may be the Toyota. Frankly, as automakers attempt to keep away from reliance on a single supply, we guess that a number of producers would have an interest.