Novo Energy, a joint venture of Volvo Cars and Northvolt, has begun construction of a Li-on battery gigafactory in Gothenburg, Sweden, near Volvo’s existing Torslanda factory. Once complete, the battery plant will have over 3,000 employees, and a potential annual cell production capacity of up to 50 GWh—enough for around half a million EVs. The… Read more »
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Scania and Northvolt say their new battery can power electric trucks for 1.5 million km
Swedish commercial vehicle manufacturer Scania and Swedish battery manufacturer Northvolt have unveiled a jointly developed lithium-ion battery cell for heavy EVs, which they say is capable of powering trucks for 1.5 million kilometers. The specifications of the prismatic cell include a 157 Ah capacity and a nominal voltage of 3.6 V. Produced with fossil-free electricity… Read more »
Stora Enso and Northvolt partner to develop wood-based batteries
Just as you’ve always suspected, the powers that be have been keeping a cheap miracle technology from us—batteries can be made not from scarce and expensive minerals, but from wood! Well, not exactly. But in fact, lignin, a plant-derived polymer, is a renewable source of carbon, and two European firms have launched a project that… Read more »
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 »