BMW, VW backed Northvolt advances on $12B battery IPO plan

Northvolt Sweden — (Helena Soderpalm/REUTERS)

B

By:

Bloomberg

June 27, 2022 01:14 PM

Sweden’s Northvolt, whose customers include BMW and Volkswagen Group, is planning to go public within the next two years as battery demand for electric vehicles booms.

Featured Stories

New Stellantis CEO Antonio Filosa faces series of hurdles

Filosa’s ability to honestly assess where Stellantis has erred in recent years could prove vital as he works to repair relationships with dealers, suppliers and employees.

New Stellantis CEO Antonio Filosa faces series of hurdles

Trump to double steel tariffs to 50% to aid Nippon-U.S. Steel deal

Trump to double steel tariffs to 50% to aid Nippon-U.S. Steel deal

Automakers warn shortage of rare-earth magnets from China threatens U.S. light-vehicle output

Automakers warn shortage of rare-earth magnets from China threatens U.S. light-vehicle output

Finance Insurance

FTC seeks to drop one count against Asbury after Trump executive order on disparate impact

FTC seeks to drop one count against Asbury after Trump executive order on disparate impact

Latest News

BYD sales hit 2025 high in May on bigger discounts; China, key trade group urge end to price war

Toyota says new Aygo X hybrid will be Europe’s cleanest car without a plug

Donald Trump revokes EV policies with speed - and uncertain legal standing

Read the Automotive News Digital Edition for June 2

Staying current is easy with newsletters delivered straight to your inbox.

See More in Suppliers

Congress Conversations: Live talk on evolving tariff policy and auto supply chains, noon EDT June 3

Automakers must switch to SDVs to survive, WirelessCar CEO Niklas Floren says

Marelli chases ‘China Speed’ with plan to slash 3-year product cycle to one

Daily 5 report for May 27: Lessons learned from KKR’s merger of two troubled auto suppliers

Staying current is easy with newsletters delivered straight to your inbox.