Volkswagen may have put plans for a battery cell factory in Eastern Europe on ice. According to a media report, the company is looking to build a plant in North America first since it could receive up to €10 billion in incentives because of the US Inflation Reduction Act.
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Northvolt is preparing to go public in the next twelve months, according to insider sources. The Swedish battery company could be valued at over $20 billion.
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SK Group subsidiary SK Nexilis has signed a supply contract with Northvolt for copper foil worth up to 1.4 trillion won (US$1,08 billion). The five-year contract will come into effect next year.
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The EU-funded TranSensus LCA project aims to develop the basis for a harmonised life cycle assessment approach for electric vehicles across Europe. According to the organizers, such a uniform LCA approach is a key element for achieving the goals of the Green Deal.
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The high energy prices are probably slowing down the construction of Northvolt’s planned battery factory in Germany. Northvolt CEO Magnus Carlsson confirmed this in an interview. A decision has not yet been made, but Northvolt is already considering an alternative location.
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Northvolt’s Advanced Technology Group, i.e. the acquired company Cuberg, has achieved a breakthrough in the next generation of lithium metal cells, according to external tests. These are to be used primarily in electric aviation.
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The Swedish battery cell manufacturer Northvolt has raised US$1.1 billion in convertible bonds to expand its production of battery cells and cathode materials in Europe. The fresh capital comes from Volkswagen and a number of other investors.
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The Swedish battery wunderkind Northvolt has confirmed plans to go public within the next two years. The battery cell company backed by Volkswagen or BMW was “well-positioned” for an initial public offering, Chairman Carl-Erik Lagercrantz said in an interview.
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Northvolt has started commercial deliveries of battery cells to a car manufacturer. It makes the Swedish start-up the first European firm that has managed to do so. And, they have made the shipments from the Ett factory in Skellefteå, Sweden, on schedule.
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Northvolt is to recieve European funding for its battery factory in Germany. In Berlin, the German Federal Minister of Economic Affairs Robert Habeck officially handed over notification of IPCEI funding (Important Projects of Common European Interest) to Northvolt.
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The successor to the Volvo XC60 set for 2024 will be the first series EV model to use battery cells from the joint venture between Volvo and Northvolt. The conventional SUV has been the Swedish brand’s best-selling car running for the past four years.
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The Swedish battery cell manufacturer Northvolt has concluded a multi-year agreement with the mining company Vale Canada for the supply of low-carbon nickel products.
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Welcome to the latest eMobility Update – your comprehensive guide to this week’s happenings in electric transport. Today: Next Northvolt Gigafactory goes to Germany ++ Ford Motor Company to launch seven EVs in Europe ++ Jaguar reuses batteries of early I-Pace cars.
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The Swedish battery cell manufacturer Northvolt has announced another battery factory, this time in Germany. ‘Northvolt Drei’ is to be built in Heide in Schleswig-Holstein and will have an annual production capacity of 60 GWh.
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Northvolt plans to convert a closed Stora Enso paper mill in Sweden into a gigafactory to produce up to 100 GWh of cathode material as well as battery cells. The two companies have signed a letter of intent that calls for Northvolt to purchase the Kvarnsveden Mill in Borlänge, Sweden, and the surrounding industrial area.
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Volvo Cars and Northvolt have announced the location of their planned joint battery cell factory: it will be built in Gothenburg, Sweden, from 2023 and is expected to be operational in 2025.
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Northvolt has started up its Ett factory in Skellefteå, Sweden, with the production of the first battery cell. Northvolt says the first prismatic cell was manufactured there on 28 December. The first deliveries to customers are scheduled for 2022.
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The Swedish battery cell manufacturer Northvolt is setting up a 50:50 joint venture with Portugal’s energy company Galp. Under the direction of the joint venture Aurora, a lithium conversion plant will be built in Portugal. The future location of the plant is still under discussion.
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Northvolt has produced its first battery cell with 100 per cent recycled nickel, manganese and cobalt as part of its Revolt recycling programme. The company is now looking to scale up its recycling facilities in Sweden to establish a facility able to recycle 125,000 tons of batteries per year.
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The Swedish battery cell manufacturer Northvolt is investing 750 million US dollars in the expansion of its research centre Northvolt Labs in Västerås. The site will be expanded to include a campus with a new research and development centre, customer centre and offices.
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BMW has increased its orders for battery cells for use in electric cars. According to an agency report, the Munich-based company is said to have ordered cells worth the equivalent of eight billion euros from four manufacturers.
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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.
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Volkswagen has presented its strategy for 2030 called ‘New Auto’. At the core of this strategy is the shift to electromobility and the gradual phasing out of the combustion engine – but it goes far beyond electrifying the hardware that has been dominant for so long
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The Swedish battery manufacturer Northvolt is planning to set up its own cell production in Germany. However, the plans are apparently still at a very early stage, and possible locations are not yet known.
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Volvo Cars has published details of its future technology roadmap. The Swedish company owned by Geely says that it will focus on range and fast charging for the next generation of its fully electric cars.
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Volvo Car Group and Northvolt want to set up a joint venture to develop and produce more sustainable batteries tailored to power Volvo’s and Polestar’s next generation of pure electric cars. The plans include R&D and a large scale cell factory in Europe.
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Volkswagen is investing another 620 million dollars, or about half a billion euros, in its battery cell partner Northvolt. The funding is part of a $2.75 billion private placement that the Swedish company announced today alongside news on production capacity increases.
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Sweden’s young battery powerhouse and Volkswagen partner Northvolt has made a new client in the construction business. Pon Equipment, the Caterpillar dealer for Norway and the Netherlands, orders 90 battery systems from Northvolt for electric excavators, which select customers receive this Spring.
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Volkswagen has just presented its technology roadmap for the battery and charging sectors up to 2030 at its Power Day presentation. The aim of the roadmap is to significantly reduce the complexity and costs of batteries. At the core of the plan are six “Gigafactories” throughout Europe.
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Sweden’s battery cell manufacturer and Volkswagen partner Northvolt acquired the US startup Cuberg to commercialise longer-range Lithium-metal batteries. Existing clients include Boeing and electric aviation startups, while Northvolt also plans an R&D centre in California.
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