Northvolt raises $5 billion to expand operations at gigafactory in Sweden

Circular Economy & Remanufacturing

In addition to the expansion of its cathode production and cell manufacturing, the new financing will help Northvolt expand its adjacent recycling plant, Revolt Ett

Swedish battery-maker Northvolt announced Jan. 16 that it has signed a $5 billion non-recourse project financing to enable the expansion of its gigafactory (Northvolt Ett) located in northern Sweden.

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