Northvolt has signed a Memorandum of Understanding with the German state Schleswig-Holstein and the region of Heide for the development of a lithium-ion battery manufacturing plant. The factory is expected to open in late 2025 with an annual capacity of 60GWh, sufficient for some one million electric vehicles annually.

This third gigafactory increases Northvolt’s pipeline of battery capacity under development to over 170 GWh. This continuing increase is…


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Image Credit: Northvolt