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Volkswagen invests €450 million in Northvolt battery operations at Salzgitter

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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 production is expected to start in early 2024 at an initial annual production capacity of 16 GWh. 

“Battery cell production in Salzgitter is an important step for the transformation to e-mobility,” said Thomas Schmall, CEO of Volkswagen Group Components. “We are pooling expertise at the Salzgitter site with production capabilities and the Center of Excellence for Battery Cells, and are therefore driving battery cell development further forward, developing new standards and transferring them directly to the manufacturing process.”

Source: Volkswagen

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