Monday, July 15, 2024

Northvolt announced Lithium-ion cell battery first production

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Swedish battery maker Northvolt has announced that it has successfully produced its first lithium-ion battery cell. With this they managed to meet the deadline to start production of the electric car battery before the end of 2021.

Northvolt, which competes with Tesla’s battery manufacturing division, said it was the first battery of its kind to be completely designed, developed and assembled in a gigafactory by a local European battery company.

See also: 13 new battery cells gigafactories to be launched in US by 2025

“For years to come, we expect Northvolt Ett to massively expand its production capacity to enable Europe’s transition to clean energy.”

For your information, the majority of the world’s electric car batteries are currently made in the US and Asia, but Northvolt hopes to change that.

Despite being less than 6 years old, Northvolt has signed contracts worth more than US$30 billion to provide their battery products to automakers BMW, Volkswagen, Volvo and Polestar.

See also: VinFast Builds USD 174 million EV Battery Factory

Northvolt said their commercial deliveries will begin in 2022 with a production capacity of about 60 gigawatt-hours (which is enough to supply batteries for about 1 million electric vehicles) for the coming years.

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