VW is reportedly paying less than $100 per kWh for the battery as it is trying to secure battery cell supply for its ambitious electric vehicle plans through a mix of supply deals and making its own cells at a new battery gigafactory with Northvolt. expand full story
NorthVolt Stories September 9
NorthVolt Stories June 12
Northvolt, a battery startup founded by two former Tesla executives, announced a $1 billion equity capital raise for its battery gigafactory in Sweden, in addition to a planned 50/50 joint venture with Volkswagen on another gigafactory in Germany.
NorthVolt Stories March 21
Volkswagen partners with Northvolt, a battery production startup founded by a former Tesla executive, to create a new consortium to advance batteries for electric vehicles in Europe. expand full story
NorthVolt Stories October 22, 2018
Northvolt, a battery manufacturing company started by two former Tesla supply chain executives, is announcing a new battery module factory in Europe. expand full story
NorthVolt Stories May 25, 2018
Northvolt has been lining up some impressive partners to help them built their ambitious project of a large battery gigafactory in Europe.
German engineering firm Siemens is the latest to jump on board with a new investment and partnership. expand full story
NorthVolt Stories April 27, 2018
Northvolt, a company founded by two former Tesla executives who broke out on their own to build a battery gigafactory in Europe, has been making a lot of moves and partnerships lately.
Now, the duo has began construction on the first phase of its planned battery gigafactory. expand full story
NorthVolt Stories February 13, 2018
Northvolt, a company founded by two former Tesla executives who broke out on their own to build a battery gigafactory in Europe, seems to be in motion.
NorthVolt Stories January 25, 2018
The two former Tesla executives that broke out on their own to build a battery gigafactory in Europe have just secured backing from Volkswagen through their Scania division.
The two companies will develop and commercialize battery cell technology for heavy commercial vehicles at their facilities. expand full story
NorthVolt Stories October 19, 2017
NorthVolt Stories September 26, 2017
Earlier this year, we reported on Northvolt, a startup founded by Tesla’s former Vice President of Supply Chain Management, Peter Carlsson, and another former Tesla supply chain executive, Paolo Cerruti, to build their own battery gigafactory in Europe.
After launching their fundraising effort to finance the factory last month, they are now bringing on board an important partner, ABB, a giant Swiss company developing electrification products and industrial automation systems. expand full story