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.

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

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