The German government will support the financing of Northvolt’s battery cell factory in Sweden with a state guarantee of 443 million euros as part of the federal foreign trade promotion programme.

Northvolt has taken out further loans of 1.6 billion US dollars with a number of banks to finance its planned battery cell factories. In total, Northvolt has thus secured over 3 billion dollars.

The BMW Group has signed a long-term supply contract for battery cells with the Swedish company Northvolt. The deal is worth two billion euros. Northvolt will start manufacturing the cells in 2024 in its Gigafactory in Skellefteå, currently under construction.

The Swedish battery manufacturer Northvolt and the Norwegian aluminium producer Norsk Hydro announce the formation of a joint venture to enable the recycling of battery materials and aluminium from electric vehicles in the Norwegian market.

The joint venture between the Volkswagen Group and Sweden’s battery manufacturer Northvolt is taking shape. The partners have now decided that the buildings and infrastructure for the planned joint battery cell factory ‘Northvolt Zwei’ will be built by Volkswagen itself.

Northvolt has delivered its most significant order of battery systems to Epiroc. The mining company will integrate the Li-ion cells into its mid-sized drilling family. The order represents the first commercial roll-out of Northvolt’s latest generation of the battery system, the Swedes said.

Experts from seven European countries are now working on solutions for next-generation lithium-ion batteries in the SeNSE research project within the European Battery Alliance. The Swedish company Northvolt is to play a decisive role in the four-year project.

Volkswagen and Northvolt want to increase the capacity of their battery cell factory in Salzgitter, Germany, by 50 per cent. The joint venture plans to submit the building application for the already planned expansion in March.

ABB will deliver the power supply infrastructure from the local grid to the production facilities for Northvolt’s planned battery cell factory in Skellefteå, Sweden. This is not Northvolt’s first collaboration with the Swiss-Swedish group.

The Swedish company Northvolt, managed by former Tesla manager Peter Carlsson, will dedicate itself not only to the planned mass production of battery cells but also to recycling them with the Revolt programme now presented.

Northvolt’s plans to build capacity for the production of battery cells in Europe appear to be more extensive than previously stated. The planned production capacity is to increase significantly – also with new partners.

The Volkswagen-Northvolt cooperation is taking off as they launch a first pilot production for battery cells at Volkswagen’s Salzgitter plant. Production is to scale up to 16 GWh at the end of 2023 with Volkswagen investing around €1Bn.

Volkswagen wants to use financial support and the establishment of joint ventures to persuade battery cell suppliers to produce sufficient energy storage systems for the Group’s electrical offensive at a faster pace. Many suppliers remain hesitant.

Chinese battery cell manufacturer CATL has decided to increase the investment in its planned factory in Erfurt by a factor of 7.5: Instead of the originally planned 240 million euros, 1.8 billion euros are now earmarked for the German location.

Canadian battery developer Nano One Materials has signed an agreement with an unnamed international OEM. Nano One is working on a research project with Volkswagen, among others.

Volkswagen is investing 900 million euros in the Swedish battery manufacturer Northvolt. Part of the sum is earmarked for a planned joint venture between the two companies, another part goes directly to Northvolt.

The European Investment Bank (EIB) has announced their principle agreement to support the financing of Northvolt’s planned battery factory for the production of lithium-ion cells in Skellefteå, Sweden, with a loan of 350 million euros.

The partner for Volkswagen’s decision to start mass production of battery cells for electric cars will not be the South Korean manufacturer SK Innovation as was rumoured. Rather, the German carmaking giant is turning to the Swedish startup Northvolt for all its battery requirements.

Volkswagen’s Swedish commercial vehicle brand Scania has apparently signed a contract with the Swedish company Northvolt to supply battery cells for electric vehicles. The supply volume of the contract is not known.

The VW Group and Sweden’s Gigafactory mastermind Northvolt want to advance battery cell production in Europe together and are forming a consortium called the European Battery Union (EBU). It includes partners from research and industry from seven EU member states.

Six consortia have so far submitted applications for funding to set up battery cell production in Germany. These include prominent names such as BASF, VW, PSA, BMW and Northvolt. Meanwhile e.Go-Mobile CEO Günther Schuh is leaving the consortium that wants to bring a cell factory to Germany’s North Rhine-Westphalia region.

The Swedish company Northvolt, led by former Tesla manager Peter Carlsson, says it can generate around 1.6 billion euros of the four billion euros needed to build its Gigafactory in Skellefteå, Sweden.

Northvolt of Sweden has agreed with Tesla supplier South Bay Solutions to set up a plant in Poland together. This time they aim to make complete energy storage solutions and want to produce up to 10,000 modules a year beginning in 2019.

A new technology consortium consisting of BMW, Northvolt and Umicore will develop a sustainable value chain for battery cells. The news comes right on the heels of the European Battery Alliance counting their efforts and progress.

Northvolt has lowered the estimated cost for their planned battery factory in Sweden. The company founded by former Tesla manager Peter Carlsson has stated that they will spend “considerably less” than the initially stated 4 billion euros on the factory.

Swedish Northvolt has secured the environmental permit for the establishment of Europe’s largest lithium-ion battery cell factory. The ground has been broken in Swedish Skellefteå whilst works on their lab in Västerås outside of Stockholm are well underway.

The battery firm Northvolt, run by former Tesla manager Peter Carlsson, will be received assistance for their planned major serial battery production plant for lithium-ion cells from Siemens.

Japan’s Marubeni and Northvolt have signed a MOU. Marubeni will supply the company led by former Tesla Manager Peter Carlsson with battery materials as well as with manufacturing equipment for Northvolt’s planned Gigafactory in Europe. The cooperation could also expand.

The Swedish company Northvolt has found a lithium supplier for their planned battery factory in Skellefteå – Nemaska Lithium from the Canadian Quebec.

The Swedish Northvolt has started construction on their research and development center in Västerås. The facility is supposed to start developing, testing and industrializing lithium ion batteries as of 2019. This is a major step towards the planned lithium-ion battery factory in Skellefteå.