FREYR Battery (FREY)

[snow]

crudeoile24 "Konig noted that Freyr already has Giga Arctic, which he said is "set to be most capital efficient and sustainable gigafactory in the world." The factory is located in Norway, which Konig said is a strategic location that "offers access to the most cost competitive and sustainable energy sources globally." "

As a Norwegian living in Norway I would like to state that the gigafactory referred to in my view is so much wishful thinking. Biden has chosen to subsidize this business by a lot of dollars. For the gigafactory to be competitive the Norwegian government would have to do the same. It is not likely that it will be that stupid. The plunging stock price is in my view realistic since prospect are now dim rather than glittering.