U.S.-based battery innovator Lyten has signed binding agreements to acquire all of Northvolt’s remaining European operations, including strategic sites in Sweden and Germany. The transaction ensures that vital industrial infrastructure – from gigafactories to R&D centres – remains active in Europe, at a time when securing regional battery production is more critical than ever. The […]
We are pleased to share another milestone for the European battery industry. Benchmark Mineral Intelligence has indeed just upgraded Northvolt to a Tier 1 supplier of batteries to the automotive market. We count currently only nine companies ranked Tier 1 worldwide, of which seven are active in Europe. The fact that Northvolt is the first
First homegrown European battery company to qualify as Tier One supplier Read More »
As reported by electrive.com last week, Northvolt will receive European funding for its manufacturing plant in Germany via the IPCEI (Important Projects of Common European Interest) mechanism. The IPCEI is a transnational project funded by state aid aiming at promoting strategic industrial areas in the EU, thus contributing to growth, employment and competitivess. The establishment
Germany grants IPCEI funding to Northvolt Read More »
At the launch of the European Battery Alliance (EBA) in 2017 there was virtually no cell production capacity in Europe. And Northvolt’s endeavour to build a battery manufacturing plant was seen with a lot of scepticism. Today, Europe’s green industrial revolution is a fact. The EBA has in just 5 years turned Europe into a
Welcome back to our members and readers after the seasonal break that we hope was pleasing and relaxing. To kick off the new year, we would like to share some recent investments and annoucements at different levels of the battery value chain. These continue to illustrate the positive and dynamic developments of the European battery
Latest developments in the European battery industry Read More »
Northvolt today announced it is expanding Northvolt Labs in Västerås, Sweden, into a fully-integrated ecosystem for catalyzing technological advances in the emerging European battery industry. With the establishment of a fully integrated European battery industry comes the need to also build industry relevant research to complement the good academic research already exsisting. The new customer
Volvo Car Group announces its intention to establish a joint venture with the Swedish battery manufacturer Northvolt to develop and produce more sustainable batteries, tailored to power the next generation of pure electric Volvo and Polestar cars. [Press release] As a first step for the 50/50 joint venture, Volvo Car Group and Northvolt aim to
Volvo Car Group and Northvolt team up to develop and produce batteries Read More »
The $2.75 billion raised in equity enables Northvolt’s expansion plan leading up to and beyond 150 GWh of deployed annual production capacity in Europe by 2030, and is a key milestone in Europe’s industrial ramp up to achieve the European Green Deal objectives, said EIT InnoEnergy in their press release issued on Wednesday. Responding to
Shenzhen Senior Technology Material announces today its plan to invest 250 million euros until 2025 to establish a production facility at Svista industrial estate in Eskilstuna, Sweden. The facility will be one of Europe’s largest factories of its kind and will supply Northvolt with separator film for lithium-ion batteries. Shenzhen Senior Technology Material Co., is
Senior Technology Material invests €250 million in Sweden Read More »
Swedish lithium-ion battery manufacturer Northvolt announced today its plan to establish Europe’s largest factory for energy storage solutions in Poland. This is yet another confirmation of the significance of the stationary battery storage market. Northvolt will invest $200 million to build this new energy storage systems factory in Gdansk, Poland. The production is scheduled to
Northvolt plans to build Europe’s largest energy storage systems plant in Poland Read More »