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

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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.

2017 186
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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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Sweden invests US$111M in testbed for electromobility: SEEL

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RISE (Research Institutes of Sweden), and Chalmers University of Technology have now begun , with support from the Swedish government, the establishment of a Swedish testbed for electromobility. In 2017, RISE and Chalmers University of Technology were tasked by the Swedish government with creating a testbed for electromobility.

Sweden 170
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Scania and Northvolt unveil green battery capable of powering heavy trucks for 1.5M km

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Produced with fossil-free electricity in northern Sweden, the cell’s carbon footprint is approximately one-third that of a comparative industry reference. In 2017, Scania and Northvolt joined forces to develop and commercialize a world-leading battery cell for heavy commercial vehicles.

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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

2017 199
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Toyota Mirai fuel cell vehicle launches in Sweden and Norway this summer, Netherlands later this year

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Toyota will launch the Mirai fuel cell vehicle in Sweden and Norway this summer, following other European countries that have introduced the Toyota Mirai in 2015 (UK, Germany and Denmark) or early 2016 (Belgium). In Sweden, hydrogen is locally produced 100% based on renewable energy, just as in Denmark.

Sweden 150
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Chalmers University joins Volvo Cars autonomous vehicle project in Sweden

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The cars will be driven autonomously on approximately 50 kilometers (31 miles) of selected roads in and around Gothenburg in Sweden; roads which will be typical commuter arteries including motorway conditions and frequent queues. The public pilot is scheduled to start in 2017. The project was initiated in 2013.

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