Northvolt to produce battery systems in Poland by 2022
February 19, 2021The 50,000 square metre factory will be established in Gdańsk, Poland, in two stages, with an initial output of 5 GWh and an estimated start of production date in 2022.
Hydrovolt starts construction on battery recycling plant
February 03, 2021Once completed, the plant will have a capacity to process more than 8'000 tonnes of modules from car batteries each year, and also have the possibility to expand on this. Hydro and Northvolt have invested NOK 120 million (EUR 11.5 million) in the plant through the JV Hydrovolt.
Northvolt and CAKE form an electric partnership
November 25, 2020The Swedish manufacturer of lightweight electric performance motorcycles, has signed a letter of intent with the Swedish Swedish battery developer and manufacturer, Northvolt, to form a long-term partnership for the supply of sustainable battery cells for their line-up of electric motorcycles.
A new Swedish battery assembly plant in the works
November 18, 2020With the rapid expansion of Scania’s electrified range of trucks, buses and engines, the company plans to, over several years, invest well over SEK 1 billion (EUR 98 million) in a battery assembly plant in Södertälje, Sweden.
Volkswagen to invest EUR 73 billion in future technologies
November 16, 2020Volkswagen says it is pressing ahead with its transformation into a digital mobility company and will spend around EUR 73 billion on electrification, hybrid powertrains and digital technology over the next five years.
Skeleton Technologies raises €41.3 million in financing round
November 04, 2020Skeleton Technologies has completed a EUR 41.3 million financing round. All existing investors participated in the equity raise and were joined by notable European entrepreneurs and international investors.
Northvolt raises $600M to invest in capacity expansion, R&D and recycling
September 29, 2020The Swedish battery manufacturer says that it has raised USD 600 million private placement, led by Baillie Gifford, Goldman Sachs Merchant Banking Division and Volkswagen AG, which will allow for further investment.
Northvolt secures German state guarantee worth USD 525M
August 17, 2020The Federal Ministry of Economics says it will support the financing of Northvolt's battery cell factory in Sweden via a state guarantee.
Battery manufacturer raises $1.6 billion in debt financing
July 29, 2020Swedish battery manufacturer, Northvolt, has signed a USD 1.6 billion debt raise provided by a consortium of commercial banks, pension funds and public financial institutions, increasing the total amount of capital raised to date to over USD 3 billion.
BMW ink supply agreement for battery cells with Northvolt
July 16, 2020The German auto-giant has signed a long-term supply contract worth EUR 2 billion for battery cells with Swedish newcomer Northvolt.
Germany amps up domestic battery production with massive state subsidies
July 03, 2020The German government is investing more than EUR 1.5 billion in battery cell research and production.
Volkswagen invests in battery operations at Salzgitter
May 12, 2020The joint venture between Volkswagen Group and the Swedish battery producer Northvolt is gaining further momentum. VW moves forward to make sure the building stands ready for the JV factory.
BMW is betting billions on e-mobility – awards massive battery contracts
November 21, 2019The BMW Group is forging ahead with electromobility and deepening its existing business relationships with battery cell manufacturers CATL (Contemporary Amperex Technology Co. Limited) and Samsung SDI.
VW launches battery cell development and production in Salzgitter
September 23, 2019In Salzgitter (Lower Saxony)m over 1'000 jobs are to be created by 2023-24 for testing and producing battery cells. These jobs will be divided between Volkswagen’s development center and pilot line as well as the joint venture with Northvolt for battery cell production.
Volkswagen and Northvolt team up to build factory
September 06, 2019Volkswagen AG and Northvolt AB have created a 50/50 joint venture to build a factory for lithium-ion batteries. Construction of the production facility is scheduled to start in Salzgitter (Lower Saxony) in 2020.
Northvolt completes funding for first homegrown gigafactory
June 12, 2019Swedish battery manufacturing company, Northvolt, announces that is has completed the funding needed to enable the establishment of Europe’s first homegrown gigafactory for lithium-ion battery cells, Northvolt Ett, in Skellefteå, Sweden.
Europe backs Northvolt’s battery gigafactory
May 16, 2019The European Investment Bank has given its in-principle agreement to support the financing of Europe’s first home-grown gigafactory for lithium-ion battery cells, Northvolt Ett, in Skellefteå, Sweden.
Scania signs battery supply deal with Northvolt
May 14, 2019Truck maker Scania has reportedly signed a supply agreement with Swedish battery manufacturer Northvolt; and are also discussing a possible equity investment in the battery tech company.
Another European Gigafactory on the horizon
April 10, 2019While the German automotive-giants are underway setting up their own battery manufacturing operations, and Swedish Northvolt making progress on their massive factory in northern Sweden, a new Norwegian company is throwing themselves into the mix.
Volkswagen forms European battery union with NorthvoltLoad more news
March 22, 2019The Volkswagen Group and further European partners are joining forces to form the European Battery Union (EBU) with a view to forging ahead with battery research throughout Europe.