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Swedish battery manufacturer Northvolt receives a $14 billion order from VW – TechCrunch

Swedish battery manufacturer Northvolt receives a $14 billion order from VW Northvolt, the Swedish battery manufacturer which raised $1 billion in financing from investors led by Goldman Sachs and Volkswagen back in 2019, has signed a massive $14 billion battery order with VW for the next 10 years. The big buy clears up some questions about where Volkswagen will be getting the batteries for its huge push into electric vehicles, which will see the automaker reach production capacity of 1.5 million electric vehicles by 2025. The deal will not only see Northvolt become the strategic lead supplier for battery cells for Volkswagen Group in Europe, but will also involve the German automaker increasing its equity ownership of Northvolt.

Hedge fund Paretone Capital partners with AnChain AI

Hedge fund Paretone Capital partners with AnChain.AI Monday, March 15, 2021 Laxman Pai, Opalesque Asia: Paretone Capital, an OTC trading desk and hedge fund with over $2 billion in annual trading volume, announced its partnership with Silicon Valley-based blockchain intelligence provider AnChain.AI. According to a joint press release, the companies formed the partnership to reinforce their cryptocurrency AML/KYC regulatory compliance and infrastructure, and bring greater security and transparency to the digital asset economy. Paretone Capital Founder & CEO Vincent Wang said: The AnChain.AI team has helped us enhance our AML and compliance programs, ensuring our blockchain assets and over $2B in annual OTC trading volume is secure and giving us greater peace of mind. It was a pleasure to work with AnChain.AI s team to create a more secure and transparent cryptocurrency world that everyone can safely enjoy.

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