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Northvolt Ett gigafactory in Skellefteå, Sweden.

Northvolt receives $14 billion battery cell order for Swedish gigafactory from Volkswagen

Northvolt and Volkswagen today unveiled the next step in the partnership between the two companies. The collaboration will place a greater focus on Northvolt’s gigafactory in Sweden, which will be further expanded to support a combined order worth more than $14 billion as Northvolt is selected by Volkswagen Group as a strategic lead supplier for premium battery cells in Europe.

Northvolt acquires U.S. battery technology company Cuberg to commercialize next-generation battery cells for electromobility

Northvolt acquires U.S. battery technology company Cuberg to commercialize next-generation battery cells for electromobility

Northvolt today announced the acquisition of Cuberg, Inc., a U.S.-based battery technology company delivering high-performance lithium metal cells produced on existing lithium-ion manufacturing lines for electromobility solutions.

The new battery systems factory in Poland.

Northvolt expands operations in Poland to establish Europe’s largest factory for energy storage solutions

Northvolt’s vision of enabling the future of energy takes a new step forward through a $200 million expansion of its battery systems capabilities in Gdańsk, Poland. Entering production in 2022, a new factory will have an initial annual output of 5 GWh, and a potential future capacity of 12 GWh.

The Northvolt Ett gigafactory in Skellefteå, Sweden, currently under construction.

Northvolt raises $600 million in equity to invest in capacity expansion, R&D and giga-scale recycling

Northvolt today announced the signing of a $600 million private placement, led by Baillie Gifford, Goldman Sachs Merchant Banking Division and Volkswagen Group, enabling the company to make further investments in expanding its production and recycling capacity as well as R&D activities to support the target of establishing 150 GWh of manufacturing capacity in Europe by 2030.

The Northvolt Ett gigafactory in Skellefteå, Sweden.

Northvolt raises $1.6 billion in debt financing through consortium of global financial institutions

Northvolt today announced the signing of a $1.6 billion debt raise provided by a consortium of commercial banks, pension funds and public financial institutions, increasing the total amount of capital raised to date for development of factories and R&D investments to over $3 billion.

BMW Group signs long-term supply agreement for battery cells with Northvolt

In pursuit of expanding its offering of electromobility solutions, the BMW Group has signed a long-term supply contract worth 2 billion euros for battery cells with Northvolt. The battery cells will be produced from 2024 at Northvolt Ett gigafactory, currently under construction in Skellefteå, northern Sweden.

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Work in progress. https://t.co/rX8jLeNwVf

Work in progress. https://t.co/rX8jLeNwVf

@northvolt

Same hour. Same day. Different year. Construction continues at Europe's first homegrown battery gigafactory, Northv… https://t.co/z0ypz3DNkO

@northvolt

The electric revolution is enabling new opportunities and solutions wherever it's applied... looking forward to see… https://t.co/09G2QX7i2V

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Northvolt

Northvolt

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Enabling the Future of Energy

Northvolt was founded in 2016 with the mission to build the world’s greenest battery, with a minimal carbon footprint and the highest ambitions for recycling, to enable the European transition to renewable energy. Northvolt’s team of experts is building the next generation battery factory focused on process innovation, scale and vertical integration. Once completed, it will be Europe’s largest battery factory and produce 32 GWh worth of battery capacity annually.

Northvolt
Northvolt
Gamla Brogatan 26
111 20 Stockholm
Sweden