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June 9, 2021

Northvolt raises $2.75bn as carmakers clamour for electric batteries

The lithium-ion battery maker plans to expand capacity at the factory it is developing in northern Sweden.


What the Northvolt battery factory in northern Sweden will look like when ready.

Lithium-ion battery maker Northvolt has raised a mammoth $2.75bn in fresh equity to expand capacity at its factory in northern Sweden as battery makers across the world rush to keep up with the growing demand for electric cars.

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