Northvolt news

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  7 August 2025

  Lyten Acquires Northvolt Assets in Sweden and Germany

  Lyten acquires Northvolt's Swedish and German assets, boosting battery production and energy independence efforts in Europe and North America.
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  12 March 2025

  Northvolt Declares Bankruptcy in Sweden

  Facing financial challenges, the company filed for bankruptcy in Sweden. A trustee will oversee asset sales and operations, while subsidiaries in Germany and North America remain unaffected.
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  18 February 2025

  Industrial Group to Acquire Northvolt Systems Industrial Division

  The acquisition includes assets, employees, and contracts, ensuring seamless operations. The move aligns with a strategic focus on large-scale cell manufacturing. Regulatory approval pending.
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  30 January 2025

  Northvolt North America Leadership Change

  Karen Chang and Jose Diaz are interim CEO and COO, respectively, during the leadership transition. Paolo Cerruti remains Chairman, supporting strategic growth and continuity.
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  29 January 2025

  Volvo Acquires Full Ownership of NOVO Energy

  A share purchase and framework agreement aim to explore future collaboration in North America, pending regulatory approvals. No impact on planned investments or cash flow is expected.
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  22 November 2024

  Peter Carlsson Steps Down as Northvolt CEO

  Northvolt files for Chapter 11, appoints interim leadership, and initiates CEO search. Carlsson remains as Senior Advisor and Board Member.

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  8 January 2024

  EU Approves €902M Aid for Northvolt's German Battery Plant

  The EU approved a €902M German aid measure to support a battery plant in Heide, aiming to boost EV production and the green transition, while ensuring fair competition within the EU.
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  24 August 2023

  Northvolt and EMR Open EV Battery Recycling Facility in Hamburg

  A new Hamburg facility recycles 10,000 tonnes of EV batteries annually, supporting Europe's circular supply chain and reducing raw material imports. Opened by Hamburg's First Mayor on August 24.
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  23 August 2023

  Northvolt secures $1.2 billion as first energy storage systems roll out

  The $1.2B funding extends a previous $1.1B note, attracting major investors. Northvolt's new plant in Poland assembles battery systems, with customer deliveries expected later this year.
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  17 August 2023

  ABB and Northvolt to Electrify World's Largest Battery Recycling Facility

  The facility will process 125,000 tons of batteries annually, supporting Northvolt's gigafactory. ABB will provide electrification to enhance energy efficiency and sustainability. Operations start in 2023.
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  13 April 2022

  Galp and Northvolt to Build Lithium Conversion Plant in Setúbal

  Setúbal's new plant will produce 28,000-35,000 tons of lithium hydroxide annually by 2026, creating 200 direct and 3,000 indirect jobs with a €700 million investment.
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  25 March 2022

  Northvolt to Convert Kvarnsveden Paper Mill into Gigafactory

  The new gigafactory in Borlänge, Sweden, will start operations in late 2024, employ up to 1,000 people, and produce over 100 GWh of cathode material annually using 100% clean energy.
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  15 March 2022

  Northvolt to Build Third Gigafactory in Heide, Germany

  The new gigafactory in Heide will produce 60 GWh of lithium-ion batteries annually by 2025, creating 3,000 jobs and focusing on sustainability with clean energy and recycled materials.
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  4 February 2022

  Volvo and Northvolt to Open 3,000-Job Battery Plant in Gothenburg

  The plant, operational by 2025, will produce 50 GWh of battery cells annually, support Volvo's electric car goals, and focus on sustainable production with fossil-free energy.
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  29 December 2021

  Northvolt Assembles First Battery Cell at Swedish Gigafactory

  The first battery cell was assembled at the gigafactory in Skellefteå, marking a milestone. Production will scale up to 60 GWh annually by 2022, fulfilling contracts with major automotive and industrial clients.
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  14 December 2021

  Galp and Northvolt Form Aurora to Develop Lithium Plant in Portugal

  Aurora aims to build Europe's largest sustainable lithium plant in Portugal, producing 35,000 tons annually by 2026, supporting the battery value chain and energy transition efforts.
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  9 June 2021

  Northvolt Secures $2.75 Billion to Expand Swedish Gigafactory to 60 GWh

  The funding will boost battery cell production, R&D, and recycling. Northvolt plans to build more gigafactories in Europe, with potential sites in Germany, to meet growing demand for electric solutions.
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  19 February 2021

  Northvolt to Build Europe’s Largest Energy Storage Factory in Poland

  A $200M expansion in Gdańsk will boost battery production to 5 GWh by 2022, with potential for 12 GWh. The project includes an R&D center and will create 500 jobs, using renewable energy sources.
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  25 October 2019

  Construction Starts at Northvolt Ett in Sweden

  Construction has begun on a major lithium-ion battery factory in Skellefteå, Sweden, with the first steel columns raised. The facility will feature extensive automation and aims to deliver cells by 2021.
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  12 June 2019

  Northvolt Raises $1 Billion for Europe's First Lithium-Ion Gigafactories

  Northvolt plans a second gigafactory in Germany with Volkswagen. The European Investment Bank approved a $400M loan. Production at Northvolt Ett starts in 2021, with expansion to 32 GWh.
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  15 May 2019

  EIB Supports Northvolt’s Swedish Battery Gigafactory

  The EIB has agreed in principle to finance a gigafactory in Sweden, aiming to produce 32 GWh of battery capacity annually using 100% renewable energy, supporting Europe's green energy transition.