Northvolt raises USD392 million from EIB for battery cell plant in Sweden

News
Circular Economy & Remanufacturing

Plant expected to have annual production capacity of 32GWh when fully operational

Northvolt has received an in-principle approval for a loan of EUR350 million (USD392 million) from European Investment Bank (EIB) for its battery cell plant in Sweden, the company announced on 15 May.

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