Northvolt considers hitting the stock market


The Swedish battery cell manufacturer Northvolt wants to go public. The intended listing is to take place in 2022 or 2023 and bring the company a valuation of 20 to 30 billion euros.

This was reported by Manager Magazin with reference to company circles. Northvolt is currently building a battery cell plant in Skellefteå, Sweden, which is also known as Gigafactory 1 of the Volkswagen Group. Although Northvolt operates the plant itself, the premium cells planned there, whose cathodes will have a high nickel content, are primarily intended for Volkswagen subsidiaries Audi and Porsche.

Northvolt is now apparently seeking an IPO for the capital-intensive development of cell production. Recently, the start-up has already completed several capital increases, which have reflected great investor interest. In June, Volkswagen announced that it had invested a further 620 million US dollars (around 500 million euros) in its battery partner. Volkswagen’s additional investment was part of a total of 2.75 billion US dollars (around 2.3 billion euros) in a new financing round for the Swedish battery company.

With the new investment in June, Volkswagen keeps its share of around 20 per cent in Northvolt constant. The Wolfsburg-based group had joined the Swedish company in the summer of 2019 with an initial 20 per cent stake, as it said at the time. According to Manager Magazin, the largest shareholder besides Volkswagen is the investment bank Goldman Sachs.

In the course of the latest capital increase, Northvolt announced that it would expand its gigafactory Northvolt Ett in Skellefteå from 40 GWh annual production capacity to 60 GWh. On-site production is scheduled to start in 2023. Officially, this is being done “to respond to higher demand from customers” – the demand is likely to come mainly from VW. With the announced increase in production capacity in Skellefteå, however, it is also clear that Northvolt will be able to serve more customers with the factory.

So far, the factory there has been designed for 14 GWh; Northvolt had previously publicised plans for 32 GWh. Even that would not have been enough for the 40 GWh that the VW Group alone wants to purchase from Northvolt step by step. If the 60 GWh are realised, a third of the cell production could be for other customers – for Volvo or BMW, for example. The Munich-based group also has a small stake in Northvolt. Manager Magazin” writes that the capacities are already booked up for years.

Meanwhile, Northvolt is already planning further gigafactories. These are to be set up in cooperation with Volvo and also in Germany, although in the latter case the planning is still at a very early stage. (in German)


about „Northvolt considers hitting the stock market“
Martin koehler
07.12.2021 um 13:05
Good to see this is In Europe
John Peters
29.12.2021 um 18:34
I would like to know when the IPO is to be issued
Alexandria Huberman
31.12.2021 um 01:28
Me too...let me know when
Terry Serio
01.01.2022 um 12:03
When are you listing..?
Paul Waites
01.01.2022 um 12:30
Would be a very interesting investment Paul waites
Robert Lastine
01.01.2022 um 23:11
What is your stock symbol? thanks Bob
Peter Mills
04.01.2022 um 14:06
I am also interested when are they listing.
Jacques Gemayel
05.01.2022 um 18:15
Looking forward to follow its stock
Laa Luijsterburg
12.01.2022 um 19:27
Where can i buy stocks?
Donald Capalbo
23.03.2022 um 20:19
I would also like to know when this is going public .
mario a perez
04.04.2023 um 03:03
i would like to know when the stock is going public
Terry hutton
04.09.2023 um 16:33
When will it be listed
Patrick Ruddock
17.09.2023 um 15:05
Please can you let me know when Nothvolt share are available

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