HomeTag: Battery EU

Tag: Battery EU

28
May

EIB lends Northvolt 350 million euros for Europe’s largest battery project

By Savannah Chen Comments are Off ,

STOCKHOLM (Reuters) – Northvolt has secured a 350 million euro loan from the European Investment bank (EIB), the lender’s largest ever direct financing of battery technology, as the Swedish startup raises funds to build Europe’s biggest battery plant. The factory is critical to Europe’s effort to compete with Asian rivals such as CATL, Samsung and LG Chem, which are leaders

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