Northvolt is Europe's Largest Battery Manufacturer. New Swedish Factory Begins Production.

[@stickynorth]

Very good news to here! I'm glad that despite soft sales in China, VW ID series cars are selling relatively well in Europe. Here in Canada? They are barely marketed however tough new carrot/stick regulations are coming for 2026 so they are going to have to step up and market/sell more cars here if they want to still exist... On a related note, Northvolt is also opening a huge Gigafactory near Montreal powered by Hydro-Quebec and unnamed Japanese battery maker is in talks to build an $18B CAD facility in WInnipeg powered by Manitoba Hydro... Both of which I suspect will boost American assembly EV operations as well as possibly the all but signed on the dotted line Honda Canada mega factory planned for a site next to their existing operations North of Toronto in Alliston, Ontario... PS, Can't wait to see the battery recycling factory video because that will REALLY take the hot air out of the world's supply of aging angry gasbags who believe EV's are harmful to the world...

[@一苇杭之]

From opening to bankruptcy in 10 months. That is way better than European efficiency

[@mrpicky1868]

bro, what chemistry ?!

[@kalmdwn7711]

going south

[@markhibberd7750]

Northvolt, the Swedish maker of battery cells for electric vehicles, said today it has filed for Chapter 11 bankruptcy protection in the U.S. All that public EU taxpayers money down the pan.

[@JoelBergmark]

You incorrect. There is no recycling even built in Skellefteå but they got a big loan of 5B USD to build it. But and Northvolt 1 in my hometown don't even have stable production, they sold for 10musd last year, and lost billions in opex. They have LOM with several car companies but no company has used NV cells in their cars. The Na+ celled they tlsk about is worse on paper than CATLs and will be more expensive, on the upside they then can reduce their depenacy on Russia for other metals.