Automakers

Swedish startup Northvolt will be as vital to VW's big EV push as Panasonic has been to Tesla

Northvolt Sweden
Northvolt is building its first large-scale factory in northern Sweden, which is on track to start production by year-end. (Erika Gerdemark/Bloomberg)
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By:
Bloomberg
March 16, 2021 09:20 AM

Volkswagen Group's massive battery cell order from Northvolt makes clear the startup will be as indispensable to the automaker over the next decade as Panasonic has been to rival Tesla over the last one.

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