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Northvolt raises $1.1B to roll out factories in Europe

Northvolt Sweden
(Helena Soderpalm/REUTERS)
R
By:
Reuters
July 05, 2022 09:14 AM

STOCKHOLM -- Northvolt has raised $1.1 billion in convertible notes from a group of investors to finance expansion of its factories in Europe, the battery maker said in a statement.

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