Northvolt, a Swedish producer of lithium-ion batteries, has raised around $1.2 billion from BlackRock and various Canadian pension plans to build new factories in North America and Europe, according to report from Reuters. Tuesday’s announcement signals the first time Northvolt has shared concrete plans to build in North America.
STOCKHOLM/LONDON, Aug 22 (Reuters) - Swedish lithium-ion battery producer Northvolt has raised $1.2 billion from investors including BlackRock (BLK.N) and several Canadian pension plans as it prepares to build new factories in Europe and North America, its finance chief told Reuters.
REUTERS/Toya Sarno Jordan/File Photo Purchase Licensing Rights SHANGHAI, Feb 14 (Reuters) - BYD , the world's largest maker of electrified vehicles, plans to invest $1.2 billion to build a new factory for its batteries in China, according to environmental appraisal filings.
With the latest round, Northvolt has raised more than $9 billion in debt and equity since 2017 in its bid to become Europe's biggest battery manufacturer, including $1.1 billion in convertible notes last year from multiple investors. It has secured orders of over $55 billion from customers such as BMW, Fluence, Scania, Volvo Cars and Volkswagen.
A range of automakers and battery makers — from Hyundai and Stellantis to Panasonic and SK Innovation — have in the last two years announced plans to build EV battery factories in the U.S. or Canada.
The Chinese cellmaking giant, through its subsidiary CBL International Development, formed the venture with government-owned Indonesia Battery Corporation, the companies said in a statement. The project in Karawang, West Java, aims to scale up battery production to 15 gigawatts a year. Have a confidential tip for our reporters? Get in Touch
Swedish lithium-ion battery producer Northvolt has raised $1.2 billion from investors including BlackRock and several Canadian pension plans as it prepares to build new …
Northvolt, a Swedish producer of lithium-ion batteries, has raised around $1.2 billion from BlackRock and various Canadian pension plans to build new factories in North …
BYD, the world''s largest maker of electrified vehicles, plans to invest $1.2 …
SHANGHAI, Dec 1 (SMM) - Shenzhen Capchem Technology plans to invest 1.984 billion yuan in Chongqing Capchem lithium battery materials and semiconductor chemicals projects. The …
The project in Le Havre will see Livista construct a lithium refinery for batteries, on a site covering a total area of 27 hectares. The group plans to invest around €1.2 billion, …
Indonesia announced a joint venture with China''s Contemporary Amperex Technology Co. Ltd. to invest $1.2 billion in battery production in the Southeast Asian country, …
The US Department of Energy''s Advanced Technology Vehicles …
BYD, the world''s largest maker of electrified vehicles, plans to invest $1.2 billion to build a new factory for its batteries in China, according to environmental appraisal filings.
Northvolt, a Swedish producer of lithium-ion batteries, has raised around $1.2 billion from BlackRock and various Canadian pension plans to build new factories in North America and Europe ...
Indonesia announced a joint venture with China''s Contemporary Amperex Technology Co. Ltd. to invest $1.2 billion in battery production in the Southeast Asian country, furthering its ambitions to become …
The US Department of Energy''s Advanced Technology Vehicles Manufacturing (AVTM) program, which famously helped put Tesla on the map and also is funding Ford''s …
Indonesia announced a joint venture with China''s Contemporary Amperex Technology Co. Ltd. to invest $1.2 billion in battery production in the Southeast Asian country, …
Global X Lithium & Battery Tech ETF. The Global X Lithium & Battery Tech ETF invests in a range of companies that produce lithium or make lithium-based batteries, therefore …
[Reuters] South Korea''s SK Innovation Co Ltd (096770.KS) said it will invest 1.2 trillion won ($1.04 billion) in a new battery factory in China. The investment comes as global …
A Luxembourg company has pledged to invest over €1 billion to construct a …
Indonesia is set to build its first electric vehicle (EV) battery plant and aims to begin production by 2023. The project is being initiated by Indonesia Battery Corp (IBC) — a …
Northvolt assembles its first battery systems at Northvolt Dwa, and raises $1.2 billion to finance plans for further European and North American expansion.
American Battery Factory on Thursday broke ground on a "gigafactory" complex to make lithium iron-phosphate battery cells ... promising $1.2 billion in capital investment and about 1,000 …
As Northvolt assembles its first battery systems at Northvolt Dwa in Poland, the company today announced the raising of $1.2 billion to finance plans for its further European …
5 · They said the plant will be located in Zaragoza and start producing lithium iron phosphate batteries by the end of 2026. The joint venture represents an investment of 4.1 …
Michael added that Northvolt spent $15 billion on a battery factory that CATL …
Michael added that Northvolt spent $15 billion on a battery factory that CATL or BYD could build for $1 million in China or $3 million in virtually any western country it chose.
Indonesia announced a joint venture with China''s Contemporary Amperex …
4 · The EU''s €1 billion EV battery initiative is part of a broader €4.6 billion sustainability package: Brussels'' ambitious push toward industrial decarbonisation. This includes a …
Northvolt assembles its first battery systems at Northvolt Dwa, and raises $1.2 billion to finance plans for further European and North American expansion.
4 · The EU''s €1 billion EV battery initiative is part of a broader €4.6 billion sustainability …