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Northvolt.

100% green credentials sways BMW Group to sign $2B supply deal with Northvolt

Wed, 07/22/2020 - 11:28 -- Paul Crompton

Vehicle OEM BMW Group has signed a long-term supply contract worth €2 billion ($2.3 billion) to secure lithium-ion battery cells from the Swedish company Northvolt. 

The battery cells will be produced at Northvolt’s planned gigafactory in Skellefteå in northern Sweden (series plant Northvolt Ett) when the plant is completed from 2024.

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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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