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

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.