Sweden's Northvolt raises $5bn to expand battery gigafactory
One of the largest green loans in Europe, the funding will expand battery manufacturing following an expansion of the Northvolt Ett factory.
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One of the largest green loans in Europe, the funding will expand battery manufacturing following an expansion of the Northvolt Ett factory.
Northvolt is expected to list in Stockholm this year in an IPO that could reach $20bn
Swedish battery manufacturer Northvolt has just signed the largest green loan raised in Europe to date, which will facilitate the expansion of Europe's first homegrown gigafactory, Northvolt Ett, and also the realisation of Northvolt's plans for battery recycling.
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