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.
Chinese private capital firm GSR Capital is ramping up its ambitions to become a key player in European EV battery production with plans for a manufacturing plant in Sweden.
GSR is to build the battery facility at Trollhättan, 75km north of Gothenburg, on land adjacent to Swedish electric vehicle producer NEVS— in which GSR will also invest $500 million.
Swedish battery manufacturer Alelion Energy Systems has announced plans to build “Sweden’s first large-scale” lithium batteries plant near Gothenburg.
The facility, which is expected to be complete this year, will produce batteries for industrial and other applications near the Volvo manufacturing plant in Torslanda. It will have an initial production capacity of 500MWh per year.
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.