Siemens is to partner Swedish lithium-ion start-up Northvolt in developing “next generation Green lithium-ion batteries”.
Siemens is investing EUR10 million ($11.6m) in the partnership— through which it will become the latest international firm to work with Northvolt— whose planned lithium-ion battery manufacturing facility is being financed by the European Investment Bank.
Japan’s Marubeni Corporation has become the latest Asian player vying for a stake in Europe’s evolving battery cells business through a deal with Swedish lithium-ion firm Northvolt.
Marubeni and Northvolt have signed a memorandum of understanding to collaborate, in a move that could see the Japanese conglomerate supply LIB manufacturing equipment and raw materials.
Swedish lithium-ion battery maker Northvolt AB is to partner with two of the countries’ cities to set up what it says will be “Europe’s largest and most cutting-edge lithium-ion battery manufacturing” operation.
Northvolt said the ‘Gigafactory business’ will be split between the cities of Skellefteå in the north— which will host the production factory— and the central Sweden city of Västerås— where key research and development operations will be located.