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The San Francisco-based company, which spun out of Stanford University in 2015, was acquired by Northvolt three years ago to expand its operations in America amid strong EV demand.
Northvolt AB is a Swedish battery developer and manufacturer, specialising in lithium-ion technology for electric vehicles. [4] Founded in 2015 by two former Tesla executives, it commissioned its first manufacturing plant in Skellefteå , Sweden in 2021 and has announced plans for five others in Europe and North America.
A123 was a darling of the clean tech era.Founded in 2001, the company was built on a new battery technology known as lithium-iron-phosphate, or LFP. Cells made with LFP were heavier, but could ...
Image Credits: Volkswagen. Northvolt, the Swedish battery manufacturer which raised $1 billion in financing from investors led by Goldman Sachs and Volkswagen back in 2019, has signed a massive ...
The latest round brings Northvolt’s total funding to $9 billion in debt and equity since 2017, including $1.1 billion in convertible notes last year. The company has also secured more than $55 ...
Swedish lithium-ion battery producer Northvolt said on Tuesday it has raised $5 billion in the form of the largest green loan raised in Europe as it seeks to expand its battery factory in northern ...
Swedish lithium-ion battery producer Northvolt said on Thursday it would open a $5.2 billion gigafactory in Quebec, the largest ever investment in the Canadian province and the latest in electric ...
Swedish battery developer and manufacturer Northvolt AB has raised $2.75 billion in capital as it prepares to ramp up to an annual production capacity of 150 GWh in Europe by 2030. The funding ...
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