HomeSteelSupply chain and End users Volkswagen inks 10-year, $14bln deal with Swedish battery maker Northvolt Volkswagen has placed a $14-billion battery cell supply order with battery maker Northvolt for the next 10 years, the Swedish company said on Monday March 15, making Northvolt the carmaker’s “strategic lead supplier for premium battery cells for Volkswagen Group in Europe.” The Swedish battery also said it will sell its share in joint venture Northvolt Zwei, one of the partnership’s factories based in Salzgitter, Germany to Volkswagen as part of the carmaker’s own increased battery manufacturing efforts in the continent. Northvolt Zwei is set to start production in 2024. Additionally, Volkswagen will increase its... Email this article Your details Your recipients's details You can enter a maximum of 5 recipients. Use ; to separate email addresses. Email yourself a copy? Enter the code: Ok You might notice something different here.As we continue our evolution, our data and market news is now available through the Fastmarkets platform and a trial of this website is no longer available. Already registered? Log in Our new delivery solution allows you to access the prices and news that matters most to you in a way that delivers value, quality and a unique, fully customizable view for you. Learn More We are developing an experience that allows you to test drive building your view of our data and news on the new platform. In the meantime, we can prepare a quote for you and show you around. Get Started Contact Us +44 (0) 20 7779 8260 hello.mb@fastmarkets.com Published Ana de Liz March 15, 2021 14:52 GMT London Keywords lead batteries Northvolt electric vehicles EVs Volkswagen Related news {{article|snippet:'title'|removeHtmlTags}} {{article|fields:'dates'|date:dateArticleFormat}}
