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Lithium-Ion Battery Maker Northvolt Raises $2.75 Billion to Finance Expansion Plans

Northvolt’s first gigafactory Northvolt Ett in Skellefteå, Sweden, will expand capacity to 60 GWh

June 14, 2021

/ Rahul Nair
/ Finance and M&A, Other
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Sweden-based lithium-ion battery manufacturer Northvolt has signed a $2.75 billion private placement to finance its battery cell production expansion and research and development (R&D) efforts.

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Rahul Nair

More articles from Rahul Nair.
electric vehicleEuropeEVLithium-Ion batteryNorthvoltSweden
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