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Northvolt raises $1.1 billion to expand battery production in Sweden

By electrive.com 07/05/2022 - 14:18 07/05/2022 Electrive

The Swedish battery cell manufacturer Northvolt has raised US$1.1 billion in convertible bonds to expand its production of battery cells and cathode materials in Europe. The fresh capital comes from Volkswagen and a number of other investors. In addition to Volkswagen Group, Northvolt says the other investors are AMF, AP Funds 1-4 (through the joint […] More…