Swedish lithium-ion battery maker Northvolt said on Wednesday it had secured $1.6 billion (1.2 billion pounds) in debt financing, as part of its plan to have 25% market share of European mobile battery production. Last year, automakers Volkswagen and BMW agreed to fund Northvolt's plan to build Europe’s largest lithium-ion battery plant.
Continue reading Swedish battery maker Northvolt raises $1.6 billion in debt financing
Swedish battery maker Northvolt raises $1.6 billion in debt financing originally appeared on Autoblog on Wed, 29 Jul 2020 16:52:00 EDT. Please see our terms for use of feeds.
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