VW places $14B Northvolt battery order

As part of a strategy to significantly lower the cost, improve the performance, and minimize the environmental footprint of batteries going into its expanding line-up of electric vehicles in Europe, Volkswagen Group has placed a US$14 billion order with Sweden-based Northvolt.

This massive deal between the European e-mobility partners announced on the eve of Volkswagen Power Day, a March 15 event...