Swedish battery developer and manufacturer Northvolt has assembled the first “homegrown” lithium-ion battery cell for electric vehicles at a Skellefteå gigafactory, the company announced on Wednesday. In a statement, the company said the battery marks a “new chapter in European industrial history,” as the cell is the first to have been “fully designed, developed, and…
Northvolt Assembles First ‘Homegrown’ Lithium-Ion Battery Cell for Electric Vehicles at Swedish Gigafactory
Exclusive: Northvolt Plots EV Battery Grab With $750 Million Swedish Lab Plan
STOCKHOLM—Northvolt plans to invest $750 million expanding its laboratory facility in Sweden, a top executive said, to meet soaring demand for lithium-ion batteries as carmakers go electric. As it aims to take on major Asian players such as CATL and LG Chem, Northvolt said it would set up the “first R&D campus covering the entire…
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