Northvolt raises USD 2.75bn, ups capacity by 20 GWh
![Factory Northvolt Ett in Skellefteå, Sweden, will not produce batteries until later this year. But it's already been up-scaled to 60 GWh. | Photo: PR / Northvolt](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article13042971.ece/ALTERNATES/schema-16_9/doc7g5c2z2v6i1qm5hh22o.jpg)
As electric vehicles take to European roads, batteries are needed. And lots of them.
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