Volkswagen Group and Goldman Sachs Merchant Banking Division lead a $1 billion equity capital raise in Northvolt alongside BMW Group, AMF, Folksam Group and IMAS Foundation. With the European Investment Bank and additional lenders set to provide debt financing as a part of the total funding, the establishment of the initial 16 GWh of lithium-ion… Continue reading Northvolt completes equity capital raise to enable Europe’s first homegrown gigafactories for lithium-ion batteries
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Northvolt to establish state-of-the-art production facility for battery systems
In order to meet the increased demand for complete battery solutions on the European market, Northvolt today announced it is establishing a new facility to industrialize and produce battery modules. The facility is to be established in Gdansk, Poland, and it will consist of a state-of-the-art production facility, including a R&D center, for battery modules… Continue reading Northvolt to establish state-of-the-art production facility for battery systems