Northvolt raises $1.2bn convertible note from BlackRock
Europe’s leading battery manufacturer, Sweden’s Northvolt, has raised $1.2bn from North America-based investors including BlackRock.
Source: sifted.eu
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NHTSA Wants Seat Belt Warnings For All Passengers
Also, a leaky pipeline shuts down GM's Ultium battery factory, and truck makers need to pick up the pace on EV haulers.
Source: jalopnik.com
Northvolt raises further $1.2bn investor backing for global battery gigafactory charge
Latest funding round comes as Swedish battery developer assembles its Northvolt Dwa battery manufacturing plant in Poland
Source: businessgreen.com
Swedish EV battery maker raises $1.2B to expand to North America
Tuesday's announcement signals the first time Northvolt has shared concrete plans to build in North America. If Northvolt builds in the U.S., it'll be able to take advantage of government incentives featured in President Joe Biden's Inflation Reduction Act (IRA).
Source: yahoo.com
Northvolt Raises 1 2 Bn In New Investment For Manufacturing Expansion
The fresh funding, through a convertible note, comes as investor demand for companies set to benefit from the move to a low-carbon economy picks up pace, aided by policy initiatives in both regions to accelerate the transition, , Northvolt
Source: businessworld.in