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VW Orders $14 Billion Worth of Battery Cells from Northvolt’s Gigafactory

March 16th, 2021

Via: Electrek:

Volkswagen Group confirmed that it placed a new order for $14 billion worth of battery cells from Northvolt’s Swedish gigafactory, and it is taking a bigger stake in the battery manufacturer.

Northvolt is a battery startup founded by two former Tesla executives who worked on Tesla’s Gigafactory 1 in Nevada with Panasonic.

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