Volkswagen to invest ~US$1B in joint battery activities with Northvolt AB; acquiring ~20% of shares, JV for 16 GWh battery factory

Green Car Congress
By mmillikinJun 12, 2019, 9:28 am1.2k ptsInteresting
Volkswagen AG is investing some €900 million (US$1.019 billion) in joint battery activities with Northvolt AB. Part of the sum is intended for a joint venture with the Swedish battery cell producer, a further share will go directly to Northvolt AB. Part of the sum is an element of Northvolt’s just-completed…

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