STOCKHOLM (Reuters) - Northvolt plans to invest $750 million expanding its laboratory facility in Sweden, a top executive said, to meet soaring demand for ...

Northvolt plans to invest $750 million expanding its laboratory facility in Sweden, ... plans to build a new office in Vasteras, ... opens new tab, which is building its own factory in Germany.

Based in Stockholm, Sweden, Northvolt is one of Europe's most valuable privately-held tech firms building lithium-ion batteries for the electric vehicle industry. The firm did not disclose details ...

Sweden’s Northvolt AB will shed 20% of its global workforce and pause its expansion plans to slow cash outflows as the battery-making firm confronts a burgeoning financial squeeze.

Struggling electric vehicle battery manufacturer Northvolt on Wednesday said it has filed for bankruptcy in Sweden. Stream NBC 5 for free, 24/7, wherever you are. The firm said it that it ...

Swedish battery firm Northvolt is shutting down a research and development facility working on lithium-metal batteries in California and moving all development work to its R&D hub in Vasteras ...

Northvolt filed for Chapter 11 U.S. bankruptcy in November after talks for fresh funding with investors collapsed ... A Northvolt facility in Vasteras, Sweden, on Sept. 29, 2021. Helena Soderpalm ...

Even as that factory takes shape, the company has already committed to building Northvolt Zwei (“two”) in Germany, aiming to supply Volkswagen with 16 GW h of batteries per year by 2024.

Northvolt announced the signing of a new, and biggest so far private placement of $2.75 billion in equity, to finance further battery cell production capacity.

Building construction will commence in August. Large-scale production at that gigafactory is expected to start in 2021, and its capacity will eventually expand to 32 GWh, Northvolt said ...

Northvolt plans to invest $750 million expanding its laboratory facility in Sweden, ... plans to build a new office in Vasteras, ... which is building its own factory in Germany.