Northvolt, a battery startup founded by two former Tesla executives, announced a $1 billion equity capital raise for its battery gigafactory in Sweden, in addition to a planned 50/50 joint venture with Volkswagen on another gigafactory in Germany.
more…

Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.

The post Northvolt secures $1 billion from VW, others for gigafactory; joint gigafactory with VW also planned appeared first on Electrek.

View Entire Article on Electrek.co