NorthVolt’s initial facility in Sweden is planned to have capacity to produce about 8 gigawatt-hours of batteries per year, rising to 32 gigawatt-hours once the project is fully operational in about six years. The company expects to lower to cost of lithium-ion battery packs significantly, aiming to halve prices by 2022, Carlsson said.
Battery Prices Falling
“The scale that NorthVolt is talking about could certainly bring down the cost of battery packs,” said Logan Goldie-Scot, energy storage analyst at BNEF. He’s still “skeptical” that NorthVolt will be able to raise the 4 billion euros it needs.
https://www.bloomberg.com/news/articles/2017-03-13/to-take-on-tesla-sweden-s-northvolt-seeks-1-billion-next-year
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