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By Shane Lasley
Metal Tech News 

BMW, Northvolt sign 2B Euro battery deal

Swedish battery maker's green power source sealed contract Metal Tech News Weekly Edition – July 22, 2020

 

Last updated 7/10/2022 at 2:43pm

Northvolt lithium ion battery gigafactory Sweden wind hydro green electricity

Northvolt

Northvolt Ett is large-scale battery factory currently under construction in Sweden. This facility, which will be powered by renewable energy, is slated to begin production in 2021.

In what has been series of moves toward expanding its electric vehicle lineup, BMW Group has signed a 2 billion euro (US$2.28 billion) long-term supply contract with Northvolt, a Swedish manufacturer with a mission to build the greenest rechargeable batteries in the world.

Northvolt's commitment to sourcing 100% of the energy it needs to produce battery cells from wind and hydroelectric power g...



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