Northern Sweden battery maker raises $1.6 billion, signs deal with BMW
Northvolt's Skellefteå plant will be one of the biggest industrial sites in northern Scandinavia.
The European car industry’s transition to electric power-trains, combined with financial institutions’ hunt for green projects, has helped Swedish battery maker Northvolt, recently received $1.6 billion in loans and now says it targets a 25 percent market share in Europe’s battery production by 2030.
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