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Scholz praises strategic importance of new Northvolt battery plant

A symbolic start was made in north-western Germany on Monday on constructing a multibillion euro plant making battery cells for electric cars after state funding and local permits were approved. German Chancellor Olaf Scholz has emphasised the strategic importance of investments such as the Northvolt battery factory for Germany and Europe. "Germany was, is and will remain a strong industrialized country," Scholz said during the gigafactory's opening ceremony. "And the production of good cars wil ....

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Sweden's Northvolt launches huge battery plant in Germany

A symbolic start was made in north-western Germany on Monday on constructing a multibillion euro plant making battery cells for electric cars after state funding and local permits were approved. Swedish company Northvolt plans to invest €4.5 billion ($4.9 billion) in the plant near Heide in the northern state of Schleswig-Holstein. Once completed, the project will produce up to a million battery cells and generate 3,000 jobs. Production is set to start in 2026. German Chancellor Olaf Scholz and ....

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