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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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