Northvolt to build German battery factory after Berlin pledges state aid

Northvolt will build its next battery factory in northern Germany after the federal government committed to state funding. The factory will have an annual production volume of batteries with 60 GWh capacity and will employ 3,000 people directly.

May 13, 2023 . 5:09 PM

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Northvolt to build new factory in northern Germany after government commits to state funding.
The factory will have an annual production volume of batteries with 60 GWh capacity.
It will employ 3,000 people directly and thousands more in the surrounding industry and service sector.
The temporary crisis and transition framework (TCTF) allows EU countries to provide subsidies until 2025.
The German government and European Commission are in first constructive discussions to approve the planned state aid.