Volkswagen partners with EIT InnoEnergy
November 03, 2021EIT InnoEnerg and Volkswagen AG have announced a strategic partnership. Both companies are planning joint innovation and investment activities aimed at helping innovative technologies and business models to achieve economic breakthroughs, and thus decarbonise the transport sector and accelerate the shift to electromobility.
Northvolt invests $750 million to establish R&D campus
October 07, 2021Swedish battery manufacturer Northvolt says that it will invest USD 750 million in order to establish a R&D campus which will cover the entire battery ecosystem.
BMW: More production for CATL, EVE Energy, Samsung SDI and Northvolt
September 06, 2021German automobile maker BMW AG has boosted is said to have increased battery cell orders to keep pace with accelerating demand for electric cars.
Polarium partners with battery manufacturer Northvolt
June 28, 2021Polarium and Northvolt have initiated a long-term partnership in which Northvolt will supply Polarium with lithium-ion battery cells. The move will make Polarium the first company to offer energy storage for telecom networks built on Northvolt’s green battery cells.
Volvo Car and Northvolt build giga-factory in Europe
June 21, 2021Volvo Car Group intends to establish a joint venture with Swedish battery company Northvolt to develop and produce more sustainable batteries, tailored to power the next generation of pure electric Volvo and Polestar cars.
Northvolt raises $2.75 billion to expand Swedish gigafactory
June 09, 2021The Swedish battery manufacturer says it has signed a USD 2.75 billion private placement to finance further battery cell production capacity and R&D efforts. The company is looking to expand its Swedish gigafactory, Northvolt Ett, from 40 to 60 GWh of annual capacity.
Energy storage gets Fluence/Northvolt push
April 23, 2021Fluence, a Siemens and AES joint venture company, and Northvolt are working to develop next-generation battery systems for grid-scale storage applications.
Pon equipment charged with Northvolt battery systems
April 07, 2021Northvolt has signed a supply agreement with Pon Equipment for battery systems to be integrated into the Z-line series of battery electric excavators.
VW orders battery cells worth $14 billion from Northvolt
March 16, 2021The partnership between the two companies deepens as Northvolt is selected as a strategic lead supplier for battery cells for Volkswagen with a USD 14 billion order.
Germany backs development of ultracapacitor production technology
March 12, 2021Skeleton Technologies has announced plans to develop new production technology and fully automate manufacturing in its Großröhrsdorf factory.
Swedish battery manufacturer acquires US battery technology company
March 10, 2021Swedish battery manufacturer Northvolt announces the acquisition of Cuberg, Inc., a US-based battery technology company delivering high-performance lithium metal cells produced on existing lithium-ion manufacturing lines for electromobility solutions.
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 financingLoad more news
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.