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EU gives green light for Northvolt battery factory in Germany

Swedish company Northvolt was authorized by the European Commission on Monday to build a large battery cell factory for electric cars in northern Germany. The German and Schleswig-Holstein state governments are subsidizing the project to a tune of around €700 million ($766 million), with guarantees for a further €202 million. "This measure totalling €902 million is the first individual aid approved to prevent an investment from being relocated to a country outside Europe," said Margrethe Vestage ....

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EU approves 900-mn-euro German aid for battery plant

The EU approved Monday a 900-million-euro German state subsidy for electric vehicle battery firm Northvolt to build a plant in Germany that might have otherwise been lured to the United States. The EU has been scrambling to stop investment in key green technologies from going to the United States as the IRA funnels some $370 billion into subsidies, including tax breaks for US-made electric vehicles and batteries. ....

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EU Approves $986 Million German State Aid For Northvolt's Battery Plant, Matching U.S. Subsidies

Matching aid is a European Union’s ‘new feature’ to allow European firms to find an equivalent sum of aid in Europe, that they can receive in other jurisdictions. ....

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Northvolt breaks through: No-critical mineral, sodium-ion based battery ready for market

During the UN Climate Conference in Dubai, COP28, Northvolt CEO and Co-Founder Peter Carlsson shared his outlook on sodium-ion in a conversation with Anna Liberg, Global Head of Energy at Business Sweden. ....

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Nickel Industries seeks investors for Indonesia plant, invites Tesla, Panasonic to visit, ET Auto

Nickel Industries: "We would be open to an automaker taking a stake," Werner told Reuters, adding that Tesla, Panasonic and Northvolt were among the companies that have visited, or will soon visit, the Indonesia plant. ....

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