GREY:NMKEF - Post by User
Comment by
Nic777on Apr 27, 2018 11:09am
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Post# 27950115
RE:Northvolt seems like a great partner
RE:Northvolt seems like a great partnerThis is a great post. Most battery materials investors do not understand how imlortant it is to mine and process with a low environmental footprint. Northvolt is parteneuring with ABB like NOU is partneuring with ABB on its all-electric mine. NMX will supply Northvolt with lithium salt and NOU will supply them as well with graphite anode material that has been produced at or near zero carbon footprint. I love it!
HabberPlease wrote: So many nice articles about Northvolt on the internet… Hopefully most major lithium battery manufacturer will be as environmentally conscious as them which would give an edge to NMX…
https://www.mynewsdesk.com/se/northvolt/pressreleases/northvolt-kicks-off-construction-for-northvolt-labs-establishment-marks-first-step-towards-european-large-scale-battery-cell-manufacturing-2491680?utm_source=rss&utm_medium=rss&utm_campaign=Alert&utm_content=pressrelease [...]
Raw materials: Northvolt has a clear roadmap to source a responsibly mined, clean and secure feed of material. Northvolt today announced the formation of a strategic partnership for the supply of battery grade lithium hydroxide with Nemaska Lithium Inc. [...]
VW backs Northvolt’s battery Gigafactory developed by former Tesla execs [...]
Last year, VW announced that it plans to invest $1.7 billion to bring electric trucks and buses to market, including through Scania. Now, the two companies say that they will “establish an expert team and work together at Northvolt’s research facility, Northvolt Labs, in Vsters, Sweden, to develop and commercialize production of battery cells optimized to power commercial vehicles.”
They have already entered into an off-take purchase agreement for battery cells.
As we previously reported, Northvolt plans to build a demonstration-line with ABB to be ready by 2019. The factory is expected to start production in 2020, at which point they target a capacity of 8 GWh per year and they aim for 32 GWh of capacity once the entire factory will be completed in 2023.
It would make it the biggest li-ion battery factory in Europe and comparable in size to the first phase of Tesla’s Gigafactory 1 in Nevada, a project that Peter Carlsson, Founder and CEO of Northvolt, and Paolo Cerruti, COO of Nortvolt, both worked on.
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