Northvolt has produced its first lithium-ion battery cell at its factory in Västerås, meeting its deadline to start production before the end of 2021.
by investors in June, said it's the first battery of its kind to have been fully designed, developed and assembled by a homegrown European battery company."Of course, this first cell is only the beginning," Peter Carlsson, CEO and co-founder of Northvolt, said in a statement.
"Over the course of the coming years, we look forward to Northvolt Ett expanding its production capacity greatly to enable the European transition to clean energy." The majority of the world's electric car batteries are currently made in the U.S. and Asia, but Northvolt hopes to change this. Despite being less than six years old, Northvolt has signed over $30 billion worth of contracts with customers including carmakers
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