Sweden Invests in Northvolt Battery Factory Demo Project
The Swedish Energy Agency has agreed to spend as much as 146 million kronor ($18 million) to help build a pilot production line for the giant battery factory envisioned by Northvolt AB.
#hybrid
The Swedish Energy Agency has agreed to spend as much as 146 million kronor ($18 million) to help build a pilot production line for the giant battery factory envisioned by Northvolt AB.
The grant will go to Northvolt Labs in Vasteras. The startup has been pursuing $95 million with which to demonstrate its battery technology and production methods to would-be investors.
Northvolt hopes to build a $4.7 billion lithium-ion battery factory in Skelleftea, Sweden, that by 2023 would be able to produce 32 gigawatt-hours of energy capacity annually. That level of output would be sufficient to power about 450,000 electric vehicles.
RELATED CONTENT
-
On Military Trucks, Euro Car Sales, Mazda Drops and More
Did you know Mack is making military dump trucks from commercial vehicles or that Ford tied with Daimler in Euro vehicle sales or the Mazda6 is soon to be a thing of the past or Alexa can be more readily integrated or about Honda’s new EV strategy? All that and more are found here.
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
-
On Traffic Jams, Vehicle Size, Building EVs and more
From building electric vehicles—and training to do so—to considering traffic and its implication on drivers and vehicle size—there are plenty of considerations for people and their utilization of technology in the industry.