Northvolt Raises $1.1 Billion to Support Factory Rollout Plans in Europe
The company is developing manufacturing capacity to deliver on $55 billion in orders
July 11, 2022
/ Storage
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Sweden-based lithium-ion battery manufacturer Northvolt signed a $1.1 billion convertible note to finance its expansion of battery cell and cathode material production in Europe to support the rapidly expanding demand for batteries.
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Utsav Sinha
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