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Swedish battery startup Northvolt will build a new factory, after having already won $50 billion in orders

Car stuff (public number: chedongxi)

Author | The Way

Edited | Mumi

According to foreign media reports, Northvolt recently announced plans to transform a closed paper mill in Sweden into a new factory for the production of cathode active materials and batteries, and the products will be supplied to a number of battery factories under the company.

Northvolt has signed a letter of intent with Stora Enso, the paper mill's own recyclables company, for the acquisition of Sweden's Borl nge Kvarnsveden Mill and surrounding industrial zones. If the parties agree on the deal, Northvolt is expected to renovate and use the existing facilities, creating a new plant.

Northvolt, a European supplier of sustainable, high-quality batteries and systems, was founded in 2016 and in 2021 also acquired and merged With San Francisco battery startup Cuberg. In addition, the Volkswagen Group holds about 20% of Northvolt's shares.

First, 2024 to start operations Annual output of materials can produce more than 100GWh batteries

According to foreign media reports, the first phase of Northvolt's new plant in Sweden will be put into operation at the end of 2024, and the cathode material produced annually can be used for ultra-100GWh batteries. In addition, the plant will also produce battery packs, but it is understood that most of the cathode material will be supplied to Other Battery Plants in Northvolt.

Northvolt's website is more informative, showing that the first phase of Northvolt's new plant is expected to start operations by the end of 2024, while employing about 1,000 people and guaranteeing 100% clean energy production in the region. When fully completed, it is expected that the annual output of cathode materials at the plant will meet the needs of other battery factories to produce more than 100GWh batteries. In addition to producing cathode materials, the plant will also produce batteries.

Peter Carlsson, co-founder and CEO of Northvolt, also said: "Since Northvolt's inception, we have been focused on the recyclable production of batteries, but this is the first time we have reused the entire production site. Judging by the region's energy, industrial water and production technology, Kvarnsveden is arguably the best location for the plant. We are delighted to be able to open a new chapter in Borl nge's history as a global industrial hub. ”

Swedish battery startup Northvolt will build a new factory, after having already won $50 billion in orders

▲Factory information published on Northvolt's official website

Second, the company's production follows the concept of environmental protection has been awarded a contract of 50 billion US dollars

Northvolt is a European supplier of sustainable high-quality batteries and systems. Founded in 2016 with the mission of delivering the world's greenest lithium-ion batteries, reducing CO2 emissions and thus decarbonizing the whole of Europe, the company now employs 2,500 people from more than 100 different countries.

In addition, in March 2021, Northvolt also acquired San Francisco battery startup Cuberg. In the year since, the company has merged into Northvolt and accelerated the development of the next generation of high-performance battery technology.

To date, Northvolt has signed nearly $50 billion (about 315.8 billion yuan) contracts with companies such as BMW, Volkswagen, Volvo and Polestar. The company is currently working with Volvo Cars to establish a joint-venture battery plant in Sweden (with an annual capacity of 50 GWh) and a wholly owned battery factory north of Sweden, Northvolt Ett (with an annual capacity of 60 GWh), which has already started production.

Swedish battery startup Northvolt will build a new factory, after having already won $50 billion in orders

▲ Northvolt produces two shapes of lithium-ion batteries

Conclusion: Northvolt will continue to contribute to Europe's energy transition

Currently, Northvolt is developing a smart and sustainable battery pack production line that can make battery production traceable through analysis of battery life and predictive validation of performance degradation, while further manufacturing more efficient batteries and enhancing battery performance.

Today's world is abandoning fossil fuels, accompanied by changes in the energy industry with new opportunities and new needs, and the emergence of Northvolt is gradually helping the European automotive industry to reduce carbon emissions, which in turn helps Europe's energy transition.

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