Northvolt
Swedish battery developer and manufacturer
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| 2025 | Northvolt plans to start production of lithium-ion batteries at a new factory near the Volvo plant in Gothenburg, which will supply batteries to Volvo and Polestar brands. |
| January 13 2025 | Sold remaining stakes in Hydrovolt, its battery recycler division, to Norsk Hydro for 78 million Norwegian crowns. |
| January 7 2025 | Announced plans to continue developing battery cells while seeking funds to exit bankruptcy proceedings. |
| 2024 | Northvolt Fem gigafactory is scheduled to open in Borlänge, Sweden, with a planned peak capacity of over 100 gigawatt hours of cathode material. |
| December 4 2024 | Announced plans to sell its electric industrial battery division and shut down its energy storage systems division. |
| November 21 2024 | Northvolt filed for protection under Chapter 11 of the United States Bankruptcy Code, signaling financial challenges for the battery manufacturing company. |
| October 30 2024 | Volvo Cars announces its intention to invoke redemption rights to acquire Northvolt's shares in the Novo Energy joint venture, citing Northvolt's failure to meet financing obligations. |
| October 8 2024 | Northvolt's subsidiary Northvolt Ett Expansion AB filed for bankruptcy at the District Court of Stockholm. |
| September 23 2024 | Announced extensive staff reductions of 1,600 employees across Skellefteå, Västerås, and Stockholm, and discontinued the expansion of Northvolt Ett. |
| January 2024 | Northvolt raised $5 billion through green lending. |
| January 2024 | Northvolt Drei gigafactory received €902 million in funding approval from the European Commission under the TCTF aid initiative, with local municipality approvals, scheduling production to start in 2025. |
| January 2024 | Northvolt Drei project was put on hold due to high electricity prices in Germany, delaying the originally planned 2025 production start. |
| 2023 | For the first three quarters, the factory produced 79.8 MWh of battery storage equivalent. |
| September 2023 | Quebec official Pierre Fitzgibbon indicated that the Northvolt Six factory's timeline is likely to be delayed by 12 to 18 months from the original 2026 production start date. |
| September 2023 | Northvolt announced plans to build a new battery gigafactory near Montreal, Canada, with initial production intended to start in 2026. |
| August 22 2023 | Northvolt raised $1.2 billion with plans to open a battery plant in Canada. |
| 2022 | Factory completion and initial customer battery shipments were achieved. |
| January 2022 | Northvolt announced plans to build a battery factory in Dithmarschen, Germany, targeting 60 GWh annual production capacity and planned to employ approximately 3,000 people with nearly 100% renewable energy. |
| 2021 | Northvolt acquired Cuberg, a Northern California startup with production facilities in San Leandro, specializing in advanced lithium-ion technology for applications like aviation. |
| December 2021 | Northvolt Ett announced production of its first batch of prismatic cells with 500 workers, marking the beginning of its machinery commissioning process. |
| December 2021 | Northvolt assembled its first battery in the Skellefteå factory, with customer cell deliveries beginning in 2022. |
| July 30 2020 | Received a €350 million loan from the European Investment Bank to build a demonstration line for a new battery type. |
| July 16 2020 | BMW and Northvolt signed a 2 billion euro battery supply deal, set to deliver batteries starting from 2024. |
| 2019 | Northvolt Dwa factory began operations in Gdansk, Poland, focusing on battery production and developing technological solutions for various industrial applications including excavators, mining machines, energy storage, and forklifts. |
| June 2019 | BMW Group, Volkswagen Group, Goldman Sachs, and Folksam announced investments in Northvolt, totaling US$1 billion, as a challenge to Tesla and Asian battery manufacturers. |
| May 2019 | The European Investment Bank offered a loan of 3.5 billion SEK (approximately €350 million) to Northvolt. |
| 2017 | The company changed its name from SGF Energy to Northvolt, with the aim of supplying electric vehicle batteries to the automotive industry. |
| 2015 | Northvolt AB was founded by two former Tesla executives, establishing a new Swedish battery development and manufacturing company specializing in lithium-ion technology for electric vehicles. |
| 2015 | Cuberg spun out of Stanford University as a startup focused on lithium-ion technology improvements. |
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