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VW and Northvolt JV plans for EU lithium-ion gigafactory gain momentum

Mon, 05/11/2020 - 15:42 -- Paul Crompton

Vehicle OEM Volkswagen is investing €450 ($487million) to construct the buildings and infrastructure of a European lithium-ion gigafactory it is developing with its joint venture partner Northvolt.

Construction of the Northvolt Zwei factory in Salzgitter, Germany— close to VW’s existing Center of Excellence for Battery Cells— is due to begin by the close of the year with cell production scheduled for early 2024.

 

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