Swedish company Northvolt has started construction of a new €4.5 billion electric car battery factory in Germany.
Andreea Lificiu
International
https://www.pexels.com/
Always see our news on Google
Northvolt Drei is the name of the Swedish company's third battery cell plant, the first in Germany. The investment will amount to €4.5 billion, of which a significant part, around €700 million, will be paid out as state aid. The plant will use wind power produced in the area and will have a production capacity of 60 GWh, with an estimated 3,000 employees.
Sources
Latest News
22:52
Dan Neculăescu supports human oversight of artificial intelligence and clear rules against abusive use
22:29
The U.S. Federal Reserve decided to maintain the benchmark interest rate at 3.75%-4%, despite persistent high inflation
22:14
Diana Stoica accuses PSD and AUR of blocking the Finance Minister’s hearing in Parliament
22:02
Cristela Georgescu accuses the proceedings in Călin Georgescu’s case of irregularities following the extension of his pretrial detention
21:54
Eurostat: Real per capita income rose by 0.1% in the EU in the second quarter of 2026, while the saving rate fell
See more news
NEWS ON THE SAME TOPICS
International
Audi invests four billion dollars in a factory in the US, despite Volkswagen's restructuring in Germany
Current Affairs
BYD will massively expand its European workforce and is preparing the group’s first factory in Hungary
International
Tesla prepares three energy storage projects in Bulgaria
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
