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Swedish battery manufacturer Northvolt receives a $14 billion order from VW Northvolt, the Swedish battery manufacturer which raised $1 billion in financing from investors led by Goldman Sachs and Volkswagen back in 2019, has signed a massive $14 billion battery order with VW for the next 10 years. The big buy clears up some questions about where Volkswagen will be getting the batteries for its huge push into electric vehicles, which will see the automaker reach production capacity of 1.5 million electric vehicles by 2025. The deal will not only see Northvolt become the strategic lead supplier for battery cells for Volkswagen Group in Europe, but will also involve the German automaker increasing its equity ownership of Northvolt. ....
Northvolt Acquires Cuberg To Commercialize Lithium Metal Cells insideevs.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insideevs.com Daily Mail and Mail on Sunday newspapers.
Northvolt acquires US Li-metal battery company Cuberg; next-gen battery cells for electromobility greencarcongress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from greencarcongress.com Daily Mail and Mail on Sunday newspapers.
Swedish energy storage business Northvolt has acquired US-based battery technology business Cuberg, which delivers high-performance lithium metal cells produced on existing lithium-ion manufacturing lines for electromobility solutions. Northvolt will establish an advanced technology centre in Silicon Valley based on the Cuberg acquisition and is actively hiring top battery industry talent to support these efforts. In addition to accelerating the lithium metal cell development and optimising the technology for automotive applications, the new centre will focus on materials research and development for best-in-class lithium-ion anode and electrolyte technologies. The centre will enable Northvolt to engage and partner with the leading technology companies and universities in Silicon Valley, with the aim to bridge ongoing research efforts between Europe and North America. ....