Northvolt AB
In 2017, we announced a bold and simple plan: to enable the future of energy by developing the world’s greenest battery cell and establish a European supply of batteries. A battery cell manufacturer at heart, Northvolt offers high-performance lithium-ion cells based around proprietary Lingonberry NMC chemistry available in cylindrical and prismatic formats.
Company details
Find locations served, office locations
- Business Type:
- Manufacturer
- Industry Type:
- Energy Storage
- Market Focus:
- Globally (various continents)
Our Mission
Make the world's greenest battery
Our Vision
Enable the future of energy
The Timeline
May 2022
Northvolt Ett delivers its first cells to customers, making Northvolt the first European battery company to make commercial shipments to a carmaker
March 2022
Northvolt announces Northvolt Drei battery gigafactory will be established in Heide, Schleswig-Holstein, northern Germany, with an annual production capacity of 60 GWh
February 2022
Northvolt announces Northvolt Fem is to be developed at Kvarnsveden Mill in Borlänge, Sweden. The plant will enable 100 GWh annual cathode production.
January 2022
Northvolt–Volvo Cars joint-venture announces Gothenburg as location for 50 GWh battery manufacturing plant with planned start of operations in 2025
December 2021
Northvolt assembles first lithium-ion battery cell at Northvolt Ett
December 2021
Northvolt establishes joint venture Aurora in partnership with Galp to develop a lithium conversion facility
December 2021
Northvolt and Volvo Cars finalize joint venture for the development and sustainable production of batteries for the next generation of pure electric Volvo and Polestar cars
November 2021
Northvolt produces its first battery cell with 100% recycled nickel, manganese and cobalt and announces plans to expand recycling at Revolt Ett to 125,000 tons/year
October 2021
Northvolt outlines plans for expansion of Northvolt Labs into world’s first R&D campus covering the entire battery ecosystem.
June 2021
Northvolt raises $2.75 billion in equity to finance expansion of Northvolt Ett to 60 GWh
March 2021
Volkswagen places a $14 billion battery cell order with Northvolt
March 2021
Acquires U.S. battery technology company Cuberg to commercialize next-generation battery cells
February 2021
Northvolt Poland Energy Storage expansion announced
December 2020
Environmental permit secured for Northvolt Ett expansion to 60 GWh.
September 2020
Northvolt signs an equity raise of $600 million to support development of production capacity, expansion of Northvolt Labs Campus and a full-scale recycling facility at Northvolt Ett.
July 2020
Northvolt signs a debt raise of $1.6 billion to support development of production capacity and additional initiatives in recycling and R&D.
June 2020
Hydro and Northvolt launch Hydrovolt – a joint venture to establish an electric vehicle battery recycling facility in Norway in 2021.
May 2020
Northvolt launches a mobile energy storage solution – Voltpack Mobile System.
December 2019
Northvolt launches its recycling program, Revolt.
October 2019
Structural construction work begins at Northvolt Ett. Northvolt surpasses 500 employees.
June 2019
Northvolt completes an equity capital raise of $1 billion for development of Northvolt Ett.
April 2019
Northvolt receives a second environmental permit, extending Northvolt Ett production capacity to 16 GWh/year. Northvolt's Battery Systems team assembles its first stationary energy storage unit, Voltrack.
March 2019
Northvolt R&D facilities produce the company's first prismatic cell.
January 2019
Surpassing 200 employees, Northvolt has three factories under development.
October 2018
Northvolt commences development of Northvolt Battery Systems Jeden, in Gdansk, Poland – a facility designed for industrialization and assembly of battery modules and solutions.
June 2018
Northvolt receives the environmental permit for Northvolt Ett. Ground preparations in Skellefteå began the next day.
April 2018
Northvolt commences construction of Northvolt Labs in Västerås.
March 2018
Northvolt's cell design team delivers its first test cell through collaboration with external partners in Japan. Surpassing 100 employees, Northvolt represents over 30 different nationalities.
February 2018
Northvolt's Battery Systems team completes development of its first battery module prototype.
October 2017
Northvolt confirms its gigafactory, Northvolt Ett, will be built in Skellefteå and a demonstration factory and research facility, Northvolt Labs, will be established in Västerås, Sweden.
September 2017
A recycling program is initiated with Chalmers University in Gothenburg, Sweden, with the aim to industrialize the recycling process of lithium-ion batteries.
March 2017
Northvolt is officially launched at its headquarters in Stockholm.
January 2017
Northvolt closes an initial funding round of $12 million.
October 2016
Northvolt is founded with the mission to build the world's greenest battery to enable the European transition to renewable energy.