Northvolt has secured $1.6 billion in debt financing as it completes its massive battery factory and signs a battery supply contract with BMW.

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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

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, 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.

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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, 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 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, 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, 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.

After receiving backing from VW’s Scania last month, Northvolt has now secured a $68 million loan to build a demonstration battery line for its own battery factory. expand full story

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