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