Mexican Media Brands
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
Share
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 Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
