Northvolt raises $1.6bn in financing for European lithium ion battery gigafactories

The Swedish company targets to win a 25% share in Europe’s fast growing market for battery cells for electronic vehicles

Northvolt Ett gigafactory in Sweden under construction
Northvolt Ett gigafactory in Sweden under constructionFoto: Northvolt
Published 29 July 2020, 10:35Updated 29 July 2020, 10:38
Europe