Sweden's Northvolt company's first lithium battery rolled off the production line

Tramway news: On December 29, Swedish battery manufacturer Northvolt announced on its official website that the company has successfully produced the first lithium-ion battery at the Ett gigafactory in northern Sweden. The battery rolled off the production line on December 28 and commercial deliveries are scheduled to begin in 2022.

Currently, most of the world's electric car batteries are manufactured in Asia and the United States, but Northvolt wants to change that. After the first lithium battery rolled off the production line, Northvolt said:

"This marks a new chapter in The History of European Industry, the first to be designed, developed and assembled entirely in-house by a european battery company."

In the announcement, Northvolt also mentioned that the Ett Gigafactory will expand production at a rate of 60GWh per year in the coming years to fulfill orders worth more than $30 billion that the company has already received. Automakers including Volkswagen, BMW, Renault Fluence, Scania, Volvo and Polestar have become Northvolt's first customers.

In addition, Northvolt plans to launch batteries of different specifications to meet the different needs of customers in different fields such as automotive, industrial and energy storage.

Peter Carlsson, co-founder and CEO of Northvolt, said:

"This is just the beginning. In the coming years, we expect a significant expansion of Northvolt's gigafactory, Ett, to help Europe make the transition to clean energy. ”

Founded in 2016 as a new energy company in Stockholm, Sweden, founded by Volkswagen Group, Goldman Sachs and Siemens, Northvolt has raised more than $6.5 billion from investors. The company's latest round of funding is led by Goldman Sachs and Volkswagen, including Swedish pension funds AP1, AP2, AP3, AP4, Canadian pension fund company OMERS, Spotify CEO Daniel Ek and other investors.