RTTNews | Oct 4, 2021 12:15PM EDT

12:14 Monday, October 4, 2021 (RTTNews.com) - Luxembourg-based battery manufacturers, FREYR Battery (FREY), is down 6% in the Monday market despite the company not reporting any stock-specific news to affect the stock. Monday, the company announced that it is hiring three ex-Tesla employees to the Energy Storage System leadership to enhance its business. Zukui Hu joins as Vice President Sales while Valentin Rota joins as Sales and Business Development Director and Guillaume Mancini join as Application Engineering Director. Gery Bonduelle, Executive VP for Sales at the company, said, "We are thrilled to add such talented executives to our Energy Storage System team. Each of them brings extensive experience and knowledge that will strengthen our sales initiatives in the important and rapidly expanding ESS market." The shares of the company are currently trading at $9.39, down $0.61 or 6.10% since the previous close at $10.00. The stock opened at $10.00 in the morning and in the 52-week period, the shares have ranged between $7.71 and $15.28 per share.

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