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

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

Now, the producer decides to spend USD 750m on a massive expansion of its research center in Västerås, Sweden.

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