Northvolt to Build Mega Battery Factories in Canada and Gothenburg

Northvolt to Build Mega Battery Factories in Canada and Gothenburg

Swedish battery manufacturer Northvolt is set to construct its first lithium-ion battery gigafactory for electric vehicles in North America, named Northvolt Six. The initial investment stands at CA$7 billion (about SEK 56.8 billion). Quebec officials, including Prime...
Volvo & Northvolt’s Gothenburg Gigafactory Receives Green Light

Volvo & Northvolt’s Gothenburg Gigafactory Receives Green Light

Volvo Cars and Northvolt have recently received the green light in court for their battery factory project in Gothenburg, which is set to be the city’s first-ever gigafactory as well. Swedish battery expert Bo Normark said in an interview that the EU, including...
Northvolt Secures $400 Million Investment From IMCO

Northvolt Secures $400 Million Investment From IMCO

Battery manufacturer Northvolt has secured the largest investment to date from Canadian pension fund IMCO, with a total of $400 million (SEK 4.3 billion) investment injected into the company. Northvolt’s appeal to investors continues to grow as the world...