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 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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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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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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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Northvolt has found a new backer for setting up a battery cell production pilot plant. The Swedish Energy Agency will support the demonstration line, Northvolt Labs, in Västerås with a grant of SEK 146m. The new line precedes a planned Swedish Gigafactory.
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