Volkswagen had a live “Power Day” event today. I’m not going to rate the acting and script reading (you can thank me later), but I do want to highlight some of the big announcements. 1. Volkswagen expects to cut its battery costs by 30–50% (timeframe unclear) It seems this is … [continued]
As part of Volkswagen’s Power Day (live right now), news came out that Volkswagen Group has put in an order for $14 billion worth of battery cells from Northvolt, which will be supplied via Northvolt’s Swedish battery factory, Northvolt Ett. Notably, the $14 billion order is for the coming 10 … [continued]
Northvolt just raised another $1.6 billion in debt, bringing total debt and equity raised to $3 billion.
We recently interview Northvolt CEO Peter Carlsson about Northvolt’s history and plans, giving much more insight and depth to what Northvolt’s plans are with that $3 billion.
The Volkswagen ID lineup, led by the ID.3, has been getting a good deal of attention outside of EV world and all across the auto industry, including winning several recent design awards.
