Northvolt invests USD 750m in research center expansion

Swedish battery maker Northvolt has acquired financing for various purposes including an expansion of research center Northvolt Labs in Västerås, Sweden.

Photo: Helena Soderpalm/Reuters/Ritzau Scanpix

by VICTOR EMIL KRISTENSEN, translated by jonas sahl jørgensen

Volkswagen, Goldman Sachs, BMW and a swathe of pension providers have repeatedly injected funds into Swedish battery manufacturer Northvolt.

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Northvolt raises USD 2.75bn, ups capacity by 20 GWh
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Northvolt bags gigantic battery order from Volkswagen
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Northvolt acquires US-based battery tech
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