Northvolt to build multi-billion-euro battery plant in Germany

Northvolt Sweden — (Helena Soderpalm/REUTERS)

By:

Reuters

May 12, 2023 12:27 PM

STOCKHOLM -- Sweden's Northvolt said it will invest several billion euros to build an electric-vehicle battery cell plant in Germany, after speculation that the company could divert planned investment to the United States.

Featured Stories

Porsche

Porsche faces mounting problems, rattled by China slump, weak EV demand and U.S. tariffs

Porsche

Porsche is in crisis mode as a failed EV strategy, slumping China sales and Trump's tariffs weigh on its share price and earnings.

By:

Lois Hoyal

Porsche faces mounting problems, rattled by China slump, weak EV demand and U.S. tariffs

Nissan

Nissan’s Christian Meunier: Tariffs a chance to ‘accelerate’ U.S. manufacturing

Critical minerals tariffs loom following this week’s comment deadline

Subaru rethinks electrification, braces for $2.5 billion tariff impact

Latest News

Ford recalls more than 273,000 SUVs for potential loss of brake function

Waymo recalls majority of its self-driving vehicles due to software glitch

U.S. consumer finance watchdog scraps Toyota settlement

Hope remains that Honda’s Ontario EV plant will be built, despite delay

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

See More in Suppliers

Superior Industries sees net loss shrink to $12.9 million amid tariff uncertainty

ArcelorMittal, riding electrified vehicle boom, to expand automotive steel output in China

Tenneco looks to invest more in China despite U.S. trade war

Bosch says U.S. tariffs’ impact is unpredictable, sees flat 2025 sales

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