Northvolt looking for more money
Battery manufacturer Northvolt needs more money to finance its growth plans. The company is now in talks with several banks about borrowing another five billion dollars, over SEK 50 billion, reports the Financial Times and refers to sources.
An agreement may be reached later this year.
In addition to the factory in Skellefteå, Northvolt is planning to build a battery factory together with Volvo Cars in Gothenburg. Within the next few months, the company management will decide on a third manufacturing unit, either in Germany or in the USA.
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