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Northvolt plots EV battery expansion with $750M Swedish lab plan

Northvolt Sweden
Northvolt plans to start production this year at its factory in Sweden's Skelleftea, pictured. (Reuters)
R
By:
Reuters
October 07, 2021 10:25 AM

STOCKHOLM -- Northvolt plans to invest $750 million expanding its laboratory facility in Sweden to meet soaring demand for lithium ion batteries as automakers go electric, the company said in a statement.

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