Peter Carlsson

The decision is required to support the rapidly expanding need for batteries. Northvolt is establishing making capacity to meet $55 billion worth orders from crucial clients, such as BMW, Fluence, Scania, Volvo Cars, as well as Volkswagen Group.

Noting a brand-new phase in European industrial background, the cell is the very first to have been completely designed, established and also put together at a gigafactory by an organic European battery company, claimed Northvolt. Commissioning and upscaling of the factory will certainly proceed with right into 2022, when the very first industrial customer shipments will certainly be made.

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In a little over ten years, Northvolt aims to pour 150 GWh of batteries onto the European market, each year. The firm is also functioning to resource end-of-life batteries for half its raw materials.