Battery manufacturer Northvolt announced a new $2.75 billion round of investments to help add 60 GWh of production capacity. Volkswagen is contributing another $620 million in the round.
NorthVolt Stories June 9
NorthVolt Stories March 15
Volkswagen Group confirmed that it placed a new order for $14 billion worth of battery cells from Northvolt’s Swedish gigafactory, and it is taking a bigger stake in the battery manufacturer.
NorthVolt Stories July 29, 2020
Northvolt has secured $1.6 billion in debt financing as it completes its massive battery factory and signs a battery supply contract with BMW.
NorthVolt Stories May 20, 2020
Swedish startup Northvolt, who secured massive backing from VW, has unveiled its own stationary energy storage solution to compete with Tesla Powerpack and Megapack. expand full story
NorthVolt Stories September 9, 2019
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 June 12, 2019
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, 2019
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
NorthVolt Stories August 14, 2017
Earlier this year, we reported on Tesla’s former Vice President of Supply Chain Management, Peter Carlsson, launching a new startup called Northvolt with another former Tesla supply chain executive, Paolo Cerruti, to build their own battery gigafactory.
They are now reportedly about to close their first major round of financing to bring the factory into reality. expand full story