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 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 2019
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.
Northvolt to establish a production facility in Poland
October 22, 2018In order to meet the increased demand for complete battery solutions on the European market, Swedish Northvolt announces that it is establishing a new facility in in Gdansk, Poland, to industrialise and produce battery modules.
Northvolt finds powerful partners in BMW and Umicore
October 15, 2018The BMW Group, Northvolt and Umicore have formed a joint technology consortium in order to work closely together on the continued development of a complete – and sustainable – value chain for battery cells for electrified vehicles in Europe.
Nemaska Lithium signs 5-year supply agreement with Northvolt
September 11, 2018Canadian Nemaska Lithium announces that it has signed an agreement regarding the supply of battery grade lithium hydroxide to Swedish battery manufacturer Northvolt.
Green light for Northvolt’s battery factory
June 07, 2018Northvolt says it has secured the environmental permit for what will become Europe’s largest lithium-ion battery cell factory. This means that we now have a start date.
Saft plans to invest €200 million in next-gen batteries
May 28, 2018The French battery manufacturer is reportedly planning a EUR 200 million investment in a next-gen European battery alliance project.
Northvolt finds a partner in Siemens
May 25, 2018The two companies have announced a partnership for the development of best-in-class technology to produce high-quality, green lithium-ion batteries.
Swedish Northvolt Labs gets ready to rumbleLoad more news
April 27, 2018Northvolt kicked off the construction of Northvolt Labs. Once completed in 2019, the scale-up and research facility will be used to develop, test and industrialise lithium-ion battery cells before large-scale production.