The “EV Stock Channel” has published a video titled “European battery factory race (VW & Tesla).” It took a dive into how both companies are establishing electric vehicle battery factories and what it means for Europe. Tesla will manufacture its new 4680 battery cells at Gigafactory in Berlin with the … [continued]
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, the high-profile Swedish battery startup launched by a former Tesla supply chain VP, just announced that it has acquired a US-based battery startup, Cuberg, and it seems to think that it has hit a grand slam with this acquisition. Northvolt claims that the duo will be developing next-gen batteries … [continued]
A new gigascale green steel project in Sweden aims at sprinkling green hydrogen fairy dust on electric vehicles everywhere.
People who don’t follow cleantech, or individual cleantech industries, think that solar, wind, and batteries are sort of small, niche markets. Actually, these have become very large markets, and often the quickest growing markets. Similarly, related smart grid and energy efficiency companies are booming.
Institutional investors Baillie Gifford, Baron Capital Group, Bridford Investments Limited, Norrsken VC & PCS Holding participate in a $600 million private placement together with private investors Cristina Stenbeck and Daniel Ek.
Redwood Materials has a plan to recycle lithium ion batteries so their component materials can be used to make new batteries at lower cost.
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.
Up and coming Swedish battery producer Northvolt just launched the Voltpack Mobile System in partnership with energy provider Vattenfall. The modular system was designed from the ground up as a portable replacement for diesel generators providing energy as a service in temporary installations.
