German Chancellor Olaf Scholz inaugurates Northvolt's €4.5bn battery cell factory in Heide, Germany, for electric vehicle production.
German Chancellor Olaf Scholz hailed the construction start of Northvolt's €4.5bn battery cell factory in Heide, Germany, emphasizing the strategic importance of the electric vehicle industry for the country's future. Swedish company Northvolt plans to produce climate-friendly battery cells for 1 million cars a year at the site once completed in 2026, generating around 3,000 jobs. The project has been seen as a model for Germany's energy and transport transition.
March 25, 2024
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