Once at full capacity, Northvolt’s European gigafactory is expected to produce enough batteries to power one million electric vehicles annually, with an annual production capacity of 60 gigawatt hours (GWh)
STOCKHOLM – Swedish battery group Northvolt said Wednesday it has launched its “gigafactory” in northern Sweden, the first of its kind to be undertaken by a European company on the continent.
Intended to compete with US electric car giant Tesla and Asian producers of lithium-ion batteries, the factory in Skelleftea assembled its first battery cell late Tuesday, Northvolt said.
“Marking a new chapter in European industrial history, the cell is the first to have been fully designed, developed and assembled at a gigafactory by a homegrown European battery company,” Northvolt said.
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