Germany Clears $750 Million to Seal Northvolt Battery Plant Deal

GALWAY, IRELAND--December 20, 2023--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Germany is hoping to guarantee the construction of a US$3.3 billion electric vehicle (EV) battery plant in Heide by agreeing to roughly 700 million euro (US$755 million) in financial aid for Sweden's Northvolt (Stockholm, Sweden).

Within this article: Details funding agreement to help secure Northvolt EV battery project in Germany, scale, investment, timeline, related projects