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Northvolt Injecting $750 Million to Power EV Battery R&D

Northvolt Injecting $750 Million to Power EV Battery R&D

industrial_manufacturing

Industry Segment: Industrial Manufacturing | Word Count: 678 Words

GALWAY, IRELAND--October 19, 2021--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Northvolt (Stockholm, Sweden), Europe's leading light for becoming a major source of electric vehicle (EV) batteries, has announced plans to invest US$750 million to expand its labs in Västerås, Sweden, into a fully-integrated ecosystem for making lithium-ion batteries.

Within this article: Detail major R&D funding for Swedish operation, goals of campus, related EV battery projects.

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