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$14 billion battery cell order for Swedish gigafactory from VW


Northvolt Ett gigafactory in Sweden.
NORTHVOLT and Volkswagen Group have unveiled the next step in the partnership between the two companies, which was initiated in 2019. The collaboration will place a greater focus on Northvolt’s gigafactory in Sweden, which will be further expanded to support a combined order worth more than $14 billion over the next 10 years, as Northvolt is selected by Volkswagen Group as a strategic lead supplier for premium battery cells in Europe. In total, Northvolt has now secured in excess of $27 billion worth of contracts from key customers.
“Volkswagen is a key investor, customer and partner on the journey ahead and we will continue to work hard with the goal to provide them with the greenest battery on the planet as they rapidly expand their fleet of electric vehicles,” said Peter Carlsson, Co-Founder and CEO, Northvolt. ....

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