Tesla's Rival Battery Maker Raises $2.75 Billion To Increase Production and Global Expansion
09 June 2021, 12:06 pm Tesla's rival battery developer, Northvolt, was able to raise a $2.75 million budget for its global expansion. Aside from this, the battery maker also confirmed that it will use this financial support to increase its production numbers. (Photo : Photo by Alex Wong/Getty Images) Northvolt, the Stockholm-based company that makes the lithium-ion batteries used to power electric cars, says it has signed deals worth $27 billion. The giant EV battery maker confirmed that it will use the new budget to make the cleanest batteries. Since battery developer is still working on...
Source: techtimes.com