fbpx

Search Results Found For: "Northvolt"

Northvolt raises $1.1 billion to support factory construction in Europe

Battery innovator Northvolt has issued a $1.1-billion convertible note to finance its expansion of battery cell and cathode material production in Europe. Investors participating in the capital raise included the Volkswagen Group, along with a raft of global financial institutions. This capital raise brings the amount Northvolt has secured since 2017 close to $8 billion…. Read more »

Northvolt raises $1.1 billion to expand cell and cathode material production in Europe

Northvolt has raised $1.1 billion from investors to expand battery cell and cathode material production in Europe. The company’s cell production facilities include Northvolt Ett Gigafactory and a joint venture with Volvo in Sweden as well as the Northvolt Drei Gigafactory in Germany. Northvolt is also developing Northvolt Fem—a cathode factory in Sweden. “A key… Read more »

Northvolt to purchase paper mill in Sweden for cathode and cell plant

Swedish battery manufacturer Northvolt has signed a letter of intent to purchase a former paper mill, which it plans to develop into a cathode and cell production plant. The Kvarnsveden Mill in Borlänge, Sweden closed in 2021. Northvolt plans to refurbish the facilities and infrastructure to develop a cathode and cell production plant, which is… Read more »

Exec leaves Tesla to lead new Volvo/Northvolt battery factory in Sweden

By all accounts, Tesla’s battery tech is superior to anything currently available to the legacy automakers. So, if you can’t beat ‘em, what do you do? You join ‘em—or poach some of their battery talent to lead your own efforts. Battery developer Northvolt was founded in 2017 by two Tesla alums who were involved in… Read more »

Northvolt assembles first battery cell at factory in northern Sweden

Swedish battery manufacturer Northvolt has assembled the first battery cell at its Northvolt Ett gigafactory in northern Sweden. According to Northvolt, the prismatic cell is “the first to have been fully designed, developed and assembled at a gigafactory by a homegrown European battery company.” The company developed the cell at its factory in Västerås, Sweden,… Read more »

Northvolt produces its first Li-ion battery cell with 100% recycled nickel, manganese and cobalt

Swedish manufacturer Northvolt, which is partially owned by Volkswagen and BMW, announced that it has produced its first lithium-ion battery cell using 100% recycled nickel, manganese and cobalt. The company recovered the materials from battery waste through a low-energy hydrometallurgical treatment, which involves the use of an aqueous solution to isolate the metals and separate… Read more »

Northvolt to invest $750 million to expand Swedish battery lab

Battery manufacturer Northvolt plans to invest $750 million to expand its laboratory facility in Sweden in order to meet soaring demand for lithium-ion batteries. Northvolt says it plans to set up the “first R&D campus covering the entire battery ecosystem.” The order of the day in Europe is to quickly expand domestic battery capacity to… Read more »

Northvolt acquires Cuberg, will commercialize next-gen lithium metal battery cells

Northvolt has announced the acquisition of Cuberg, a battery company delivering lithium metal cells produced on existing lithium-ion manufacturing lines. Cuberg says its cells, which are based on its electrolyte technology for lithium metal anodes, deliver more than 70 percent increased capacity versus comparable lithium-ion cells. Building on this foundation, Northvolt and Cuberg will expand… Read more »

Northvolt to supply €2 billion worth of green battery cells to BMW

The BMW Group has signed a long-term battery cell supply contract worth 2 billion euros with Swedish supplier Northvolt. The cells will be produced beginning in 2024 at the Northvolt Ett gigafactory, which is currently under construction in Skellefteå in northern Sweden. Northvolt Ett in Sweden is to go on line in 2021 with an… Read more »

Volkswagen invests €450 million in Northvolt battery operations at Salzgitter

Volkswagen recently announced that it will erect buildings and infrastructure for a new factory in Salzgitter, under its joint venture with Swedish battery producer Northvolt AB. Volkswagen will invest €450 million in the new Northvolt Zwei facility, which will produce lithium-ion battery cells. Construction is scheduled to commence before the end of this year, and… Read more »