Volvo Car And Northvolt Build Giga-Factory In Europe
As a first step for the 50/50 joint venture, Volvo Car Group and Northvolt aim to set up a research and development centre in Sweden that will begin operations in 2022. The centre is intended to build on the battery…
Sweden’s Northvolt Raises Further $2.75 Billion To Boost EV Battery Making
Swedish battery developer and manufacturer Northvolt has raised $2.75 billion to expand its battery manufacturing capacity in Europe to meet growing demand for electric vehicle batteries and help the EU achieve its “Green Deal” objectives, the company said. This latest…
Northvolt Raises $600 Million In Equity To Invest In Capacity Expansion, R&D & Giga-scale Recycling
Northvolt announced the signing of a $600 million private placement, led by Baillie Gifford, Goldman Sachs Merchant Banking Division and Volkswagen AG, enabling the company to make further investments in expanding its production and recycling capacity as well as R&D…
BMW Signs $2 Billion Battery Supply Contract With Northvolt
BMW like many other German car manufacturers, it is hedging its bets by designing cars that can be powered by gasoline and diesel engines, hydrogen fuel cells, plug-in hybrid technology, or battery electric powertrains. The car companies say such an…
