STOCKHOLM (Reuters) – Sweden’s Northvolt mentioned on Wednesday its new gigafactory in northern Sweden has assembled its first battery cell, making it the first European firm to design and manufacture a battery on the continent.
The cell is of a prismatic cell format – a wide range of thinner and lighter battery – and got here off the meeting line on Tuesday.
Northvolt CEO Peter Carlsson had informed Reuters that the brand new manufacturing unit would produce a battery this 12 months “even when it means the first battery is made on New Year’s Eve”.
Commissioning and upscaling of the manufacturing unit will proceed into 2022, when the first industrial buyer deliveries might be made, the corporate mentioned in a press release.
The manufacturing unit is about within the small, industrial city of Skelleftea in Sweden’s important cluster of mines and mineral assets.
Its historical past of mining, not least for gold, gave it the nickname of “Gold city”.
The firm is aiming for the Skelleftea plant to attain manufacturing capability of 60 gigawatt hours (GWh) because it goals for at the very least a 20-25% market share in Europe by 2030.
It has obtained over $30 billion price of contracts from prospects comparable to BMW, Fluence, Scania, Volkswagen, Volvo Cars and Polestar.
(Reporting by Supantha Mukherjee and Helena Soderpalm in Stockholm; modifying by Jason Neely)