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.
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 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.
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.
Volkswagen forms European battery union with Northvolt
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.
Northvolt wants to recruit 200 new employees in 2019Load more news
January 24, 2019In 2019, the establishment of Northvolt's facility in Västerås in Sweden – Northvolt Labs – will take place. Therefore, the company needs to grow its workforce.