NorthVolt Starts the Construction of $5.4 Billion Battery Gigafactory in Germany

NorthVolt has started the construction of the USD 5.4 billion EV battery plant situated in Heide, Germany. The gigafactory named NorthVolt Drei will utilize renewable energy from wind power accessible in the region, which is known to host Germany’s first wind park. 

The industrial complex is planned to employ roughly 3000 people with a maximum annual production capacity of 60 GWh, commencing operations in 2026. The new gigafactory increases Northvolt’s pipeline of battery manufacturing capacity under development to over 170 GWh.

Access to German industrial competence and automotive expertise will provide additional opportunities. Local manufacturing expertise in the Schleswig-Holstein region and Heide will ensure the factory delivers batteries of the highest quality. NorthVolt is one of the leading battery manufacturers in Germany.

Additionally, the project received over USD 986 million in handouts and guarantees from Germany. Olaf Scholz, Chancellor of Germany, said,  “Investments such as that of Northvolt are of strategic importance for our country and for Europe. Germany was, is, and will remain a country with a strong manufacturing base. And the production of good cars beyond the combustion engine continues to form the backbone of our industrial sector.” 

Project Location

NorthVolt Drei will be developed in Heide, Schleswig-Holstein, northern Germany. Furthermore, the region hosts the cleanest energy grid in Germany, one that is characterized by a surplus of electricity generated by onshore and offshore wind power and reinforced by clean energy provided through grid interconnections to Denmark and Norway.

About NorthVolt

Northvolt is a Swedish battery developer and manufacturer. Established in 2015 by two former Tesla executives. The company specializes in lithium-ion technology for electric vehicles. Northvolt's mission is to enable the future of energy by developing the world's greenest battery cell and establishing a European supply of batteries.

The company's vision is to accelerate the transition to a decarbonized future by supplying sustainable, high-quality battery cells and systems. Northvolt aims to build the world's greenest battery with a minimal carbon footprint and the highest ambitions for recycling. The company is committed to manufacturing batteries with clean energy and aims to deliver batteries with a 90% lower carbon footprint compared to those made using coal energy.

Northvolt has grown to over 5500 individuals from over 120 nationalities, forming a diverse, interdisciplinary team of talent. The company has a target for lithium-ion cell installed capacity of 60 GWh by 2030. Northvolt has a manufacturing facility in Skelleftea, Sweden, and a research facility in Vasteras. It has also announced plans for five other battery manufacturing plants in Europe and North America. Hence, Northvolt plays a pivotal role in the European EV market.

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