VW, BMW invest in Swedish battery cell producer Northvolt

Northvolt says it has already sold a significant part of planned production volumes from its planned battery cell factory in Skelleftea, northern Sweden.

By:

Reuters

June 12, 2019 01:40 PM

STOCKHOLM -- Volkswagen and BMW are among investors in Europe's biggest lithium-ion battery plant, Sweden's Northvolt said on Wednesday after it raised $1 billion in equity capital to complete funding for the facility.

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