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Northvolt raises $1.B to support factory rollout plans in Europe; close to $8B since 2017

Green Car Congress

With this capital raise, Northvolt has since 2017 secured close to $8 billion in equity and debt to deliver on its plans to establish a supply of sustainable batteries. In parallel, a cathode factory, Northvolt Fem, is being established in Borlänge, Sweden. Goldman Sachs Bank Europe SE, J.P. Morgan AG, and Morgan Stanley & Co.

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Northvolt assembles first lithium-ion battery cell at Swedish gigafactory

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Northvolt has assembled the first battery cell at the newly commissioned Ett gigafactory in northern Sweden. The first cell of Northvolt Ett represents a milestone which Northvolt has been working towards since the gigafactory was announced in 2017.

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EEA: no improvements on average CO2 emissions from new cars registered in 2017 in Europe

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Efforts to improve the fuel efficiency of new cars sold in the European Union (EU) stalled in 2017 compared to 2016, according to provisional data published today by the European Environment Agency (EEA). While past years have seen steady declines, new passenger cars registered in 2017 emitted on average 0.4 Source: EEA. A total of 15.1

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Akasol manufacturing Li-ion systems for Daimler Citaro electric bus; Samsung cells

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Germany-based Akasol is manufacturing lithium-ion battery systems for Daimler subsidiary EvoBus. The leading European bus manufacturer plans to launch its new electric Citaro bus ( earlier post ) at the IAA Commercial Vehicles event in September. Series manufacturing of the Citaro electric bus starts this year.

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ABB providing two fast chargers for Scania buses in Ă–stersund, Sweden

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ABB will provide two fast-chargers for Scania electric buses in Ă–stersund, Sweden. The chargers are based on OppCharge , an open interface for the automated charging of electric buses from any manufacturer, and use a pantograph on the infrastructure to connect the bus to the charging point.

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GKN order book for electric driveline technologies totalled $2.8 billion by end of 2017

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billion) by the end of 2017 following a series of significant program wins with major global automakers. million) in 2017 to £200 million (US$277.1 million) in 2017 to £200 million (US$277.1 As of 31 December 2017, GKN’s order book relating to eDrive was £2 billion following a number of major program wins. Earlier post.)

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Polestar 5 electric 4-door GT to debut exclusive new Polestar electric powertrain

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In Sweden, development of a new top-of-the-line electric powertrain is ongoing. Polestar Automotive Holding UK PLC is a Swedish premium electric vehicle manufacturer. Ltd in 2017, Polestar enjoys specific technological and engineering synergies with Volvo Cars and benefits from significant economies of scale as a result.

Electric 284