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

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.

Thank you for visiting IHS Automotive AutoTechInsight.

*A subscription to News & Analysis includes four IHS Markit-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Services. Please click here to subscribe.

For a free daily listing of headlines with limited access please sign up here.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload