Northvolt to set up a 60 GWh battery factory in Germany
Northvolt, a Swedish battery manufacturer, has announced plans to build a gigafactory in northern Germany with a 60 GWh annual manufacturing capacity. The manufacturing unit is expected to come up in Heide, Schleswig-Holstein and this factory will produce lithium-ion batteries for the European market. The manufacturing facility is expected to begin operations in 2025, resulting in the creation of 3,000 jobs in the area.
Read More