{"id":114830,"date":"2020-11-18T21:16:00","date_gmt":"2020-11-18T18:16:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/why-this-tesla-partner-is-betting-big-on-the-european-electric-vehicle-market\/"},"modified":"2020-11-18T21:16:00","modified_gmt":"2020-11-18T18:16:00","slug":"why-this-tesla-partner-is-betting-big-on-the-european-electric-vehicle-market","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/why-this-tesla-partner-is-betting-big-on-the-european-electric-vehicle-market\/","title":{"rendered":"#\n  Why this Tesla partner is betting big on the European electric-vehicle market"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2d25c689a22\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2d25c689a22\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/why-this-tesla-partner-is-betting-big-on-the-european-electric-vehicle-market\/#Japanese_electronics_giant_Panasonic_is_powering_into_Norway_with_two_industry_partners\" >Japanese electronics giant Panasonic is powering into Norway with two industry partners<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/why-this-tesla-partner-is-betting-big-on-the-european-electric-vehicle-market\/#Panasonic_is_just_the_latest_company_to_expand_into_Europes_battery_manufacturing_space\" >Panasonic is just the latest company to expand into Europe\u2019s battery manufacturing space.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/why-this-tesla-partner-is-betting-big-on-the-european-electric-vehicle-market\/#Jack_Denton\" >Jack Denton<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Why this Tesla partner is betting big on the European electric-vehicle market<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Japanese_electronics_giant_Panasonic_is_powering_into_Norway_with_two_industry_partners\"><\/span>\n  Japanese electronics giant Panasonic is powering into Norway with two industry partners<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000072816\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"inline\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          inline\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        renoImageFormat-\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:66.640625%;\" data-mobile-ratio=\"66.640625%\" data-layout-ratio=\"66.640625%\" data-subtype=\"\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-261656?width=140&amp;size=1.5005861664712778 140w,\nhttps:\/\/images.mktw.net\/im-261656?width=540&amp;size=1.5005861664712778 540w,\nhttps:\/\/images.mktw.net\/im-261656?width=620&amp;size=1.5005861664712778 620w,\nhttps:\/\/images.mktw.net\/im-261656?width=700&amp;size=1.5005861664712778 700w,\nhttps:\/\/images.mktw.net\/im-261656?width=860&amp;size=1.5005861664712778 860w,\nhttps:\/\/images.mktw.net\/im-261656?width=1260&amp;size=1.5005861664712778 1260w\" sizes=\"(max-width: 140px) 100px,\n(max-width: 540px) 500px,\n(max-width: 620px) 580px,\n(max-width: 700px) 660px,\n(max-width: 860px) 820px,\n1260px\" src=\"https:\/\/images.mktw.net\/im-261656?width=620&amp;size=1.5005861664712778\" data-enlarge=\"https:\/\/images.mktw.net\/im-261656?width=1260&amp;size=1.5005861664712778\" alt=\"\" title=\"Panasonic is just the latest company to expand into Europe&amp;rsquo;s battery manufacturing space.\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\">\n<h4 class=\"wsj-article-caption-content\"><span class=\"ez-toc-section\" id=\"Panasonic_is_just_the_latest_company_to_expand_into_Europes_battery_manufacturing_space\"><\/span>Panasonic is just the latest company to expand into Europe\u2019s battery manufacturing space.<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>      <span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            Kazuhiro Nogi\/Agence France-Presse\/Getty Images<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/div>\n<p>       Panasonic is the latest company making a big bet on the European electric-vehicle market, powering into the region with plans to establish a lithium-ion battery business in Norway with two industry partners.<\/p>\n<p> Panasonic<br \/>\n        6752,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201785256\/delayed\" class=\"negative\">-2.86%<\/bg-quote><span>,<\/span><br \/>\n       the Japanese electronics giant, announced on Wednesday with Equinor<br \/>\n        EQNR,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202462536\/composite\" class=\"positive\">+0.42%<\/bg-quote><span>,<\/span><br \/>\n       Norway\u2019s state-owned oil company, and aluminum company Hydro, that the group had formed a strategic partnership to explore a Norwegian lithium-ion battery business focusing on the automotive sector.<\/p>\n<div class=\"paywall\">\n       By summer 2021, the companies hope to have finished the exploratory phase of setting up the business and investigating supply chains. As part of this process, they will engage with potential customers in the automotive sector, as well as other industries.<\/p>\n<p><strong>Also read:<\/strong> Spotify\u2019s CEO and Goldman Sachs have both invested in this high-tech Tesla rival<\/p>\n<p>\u201cThis collaboration combines Panasonic\u2019s position as an innovative <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> company and leader in lithium-ion batteries, with the deep industrial experience of Equinor and Hydro, both strong global players, to potentially pave way for a robust and sustainable battery business in Norway,\u201d said Mototsugu Sato, Panasonic\u2019s executive vice president.<\/p>\n<p>Norway has the highest market penetration rate for electric vehicles in the world, with plug-in cars making up nearly two-thirds of all new autos sold in September.<\/p>\n<p>The country also has a firm commitment to sustainable energy, including through its sovereign-wealth fund, which is the world\u2019s largest, and the state-owned oil company, which has pledged to be carbon neutral by 2050.<\/p>\n<p>\u201cBy pooling our different areas of energy expertise, our companies will seek to create a battery business that is profitable, scalable and sustainable,\u201d said Al Cook, Equinor\u2019s executive vice president of global strategy and business.<\/p>\n<p><strong>Plus:<\/strong> Even with $1.1 trillion firepower, this fund is battling rivals to get its hands on green-energy opportunities<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Panasonic is just the latest company to expand into Europe\u2019s battery-manufacturing space. Electric-car maker Tesla<br \/>\n        TSLA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203558040\/composite\" class=\"positive\">+9.71%<\/bg-quote><br \/>\n       is building a gigafactory in Germany and reportedly planning one in the U.K. In September, Northvolt, one of Tesla\u2019s key rivals, announced it would use funding from investors including Goldman Sachs and the chief executive of Spotify<br \/>\n        SPOT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207488629\/composite\" class=\"positive\">+0.97%<\/bg-quote><br \/>\n       to build a gigafactory in Sweden.<\/p>\n<p>Established European car makers, like Daimler<br \/>\n        DAI,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201850364\/delayed\" class=\"positive\">+2.12%<\/bg-quote><span>,<\/span><br \/>\n       BMW<br \/>\n        BMW,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202432319\/delayed\" class=\"positive\">+1.40%<\/bg-quote><span>,<\/span><br \/>\n       and Volkswagen<br \/>\n        VOW,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/206919008\/delayed\" class=\"positive\">+0.49%<\/bg-quote><span>,<\/span><br \/>\n       are also racing to build electric vehicles on their own or through partnerships, as the market for electric vehicles is set to boom. JPMorgan estimates that by 2025, electric vehicles and hybrid-electric vehicles will comprise 30% of all auto sales.<\/p>\n<p>At least 12 countries in Europe have planned a ban on internal combustion engine vehicles as soon as 2030. On Wednesday, U.K. Prime Minister Boris Johnson unveiled a 10-point plan for a \u201cGreen Industrial Revolution,\u201d which includes electric-vehicle manufacturing and a ban on new sales of gasoline and diesel cars by the end of the decade.<\/p>\n<p><strong>More:<\/strong> Here are the companies set for growth from the boom in demand for e-bikes<\/p>\n<p>Panasonic is already a highly-experienced producer of lithium-ion batteries for use in electric vehicles, having previously been Tesla\u2019s sole provider of batteries for its cars. In August, <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/asia.nikkei.com\/Business\/Automobiles\/Panasonic-to-invest-100m-in-EV-battery-plant-in-US-for-Tesla\" class=\"icon none\">Nikkei reported<\/a> that Panasonic would boost production of batteries for Tesla with an investment expected to top $100 million.<\/p>\n<p>Panasonic and Tesla are partners in the U.S., where the two companies jointly run a $5 billion gigafactory in Nevada. However, the strength of their partnership came under scrutiny in September, when Tesla Chief Executive Elon Musk announced that Tesla had plans to produce its own battery cells as part of its strategy of becoming more vertically integrated.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Jack Denton \",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Jack_Denton\"><\/span>Jack Denton <span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D11C7093A521%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Why this Tesla partner is betting big on the European electric-vehicle market &#8221; Japanese electronics giant Panasonic is powering into Norway with two industry partners Panasonic is just the latest company to expand into Europe\u2019s battery manufacturing space. Kazuhiro Nogi\/Agence France-Presse\/Getty Images Panasonic is the latest company making a big bet on the European&#8230;<\/p>\n","protected":false},"author":1,"featured_media":114831,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-114830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/114830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=114830"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/114830\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/114831"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=114830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=114830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=114830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}