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Germany to grant USD525 million to Northvolt for battery plant in Sweden

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Policy & Regulation

One of the reasons government gave for extending the support to Northvolt is the involvement of Volkswagen and the BMW Group in the project

German government has decided to grant USD525 million to Northvolt for its upcoming battery plant in Sweden, Federal Ministry For Economy And Energy (BMWI) announced in a press release on 17 August.

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