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21 June 2021 08:00

Volvo Car Group and Northvolt to join forces in battery development and production

Volvo Car Group intends to establish a joint venture with leading Swedish battery company Northvolt to develop and produce more sustainable batteries, tailored to power the next generation of pure electric Volvo and Polestar cars.

Northvolt Ett gigafactory in Skellefteå, Sweden.

9 June 2021 08:25

Northvolt raises $2.75 billion in equity to deploy further battery cell capacity – expands Swedish gigafactory to 60 GWh

Northvolt today announced the signing of a $2.75 billion private placement to finance further battery cell production capacity and R&D efforts in order to meet the increasing demand of customers engaged in the transition to decarbonized, electric solutions.

7 April 2021 12:00

Northvolt to supply Pon Equipment with battery systems for electrification of construction equipment.

-Northvolt to supply battery systems for the electrification of Pon Equipment engineered Z-line excavators, with an initial delivery of 90 systems. - Electrified excavators to be delivered to selected customers beginning spring 2021. - The Z-line 310 and Z-line 320 meet increasing demand for zero-emission construction equipment.

15 March 2021 12:57

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.

10 March 2021 11:57

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.

19 February 2021 08:30

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.

29 September 2020 09:30

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.

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