Tesla supplier Panasonic bets on battery production in Norway
The Japanese group plans to team up with Equinor and Norsk Hydro to expand the battery business of the company in Europe
Oslow — Panasonic plans to team up with Equinor and Norsk Hydro to set up lithium-ion battery production business in Norway, targeting carmakers as potential customers, the firms said on Wednesday.
Norway, which relies heavily on oil and gas revenues, aims to become the world's first country to end the sale of fossil-fuel powered cars, setting a 2025 deadline. Fully electric vehicles now make up about 60% of monthly sales in Norway...