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Northvolt AB is a Swedish developer and manufacturer of lithium‑ion battery cells and battery systems for electric vehicles and stationary energy storage. Founded in 2016 by Peter Carlsson and Paolo Cerruti, the company focuses on building a European battery supply chain with an emphasis on low‑carbon production, traceable raw materials, and closed‑loop recycling.
Northvolt’s operations include R&D and pilot-scale manufacturing at Northvolt Labs in Västerås, large‑scale cell production at Northvolt Ett in Skellefteå, and a battery systems facility in Gdańsk, Poland. The company collaborates with automotive and industrial customers including Volkswagen Group, BMW, Volvo Cars, and Scania, among others. Through its Revolt recycling program in Skellefteå, Northvolt recovers battery‑grade materials such as nickel, manganese, cobalt, and lithium for reuse in new cells. Production is designed to leverage renewable electricity available in the Nordic region to lower the embedded carbon footprint of its batteries.
chemXplore tracks 8 projects involving Northvolt.
The record holds 3 completed projects, 1 on hold and 4 cancelled.
The 8 that are completed, on hold or cancelled are in the record. See all 8 in chemXplore →
Lyten acquires Northvolt's Swedish and German assets, boosting battery production and energy independence efforts in Europe and North America.
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.
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.
Karen Chang and Jose Diaz are interim CEO and COO, respectively, during the leadership transition. Paolo Cerruti remains Chairman, supporting strategic growth and continuity.
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.
Northvolt files for Chapter 11, appoints interim leadership, and initiates CEO search. Carlsson remains as Senior Advisor and Board Member.
Operations in Sweden are scaled back to focus on battery production, affecting 1,600 jobs. Support measures for impacted employees are in place, with ongoing union negotiations.
Fluor will handle engineering, procurement, and construction management for Phase One of a $4.8 billion lithium-ion battery factory in Germany, with completion set for 2027.
