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Northvolt Plans a Third Battery-Materials Factory in Sweden
A Northvolt battery factory during construction in Skelleftea, Sweden, in October 2021.
Photographer: Erland Segerstedt/AFP/Getty Images
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Northvolt AB plans to convert a closed paper mill in Sweden into a new battery-materials factory, adding a third production facility in the Nordic country to supply demand fueled by the growing electrification of transport.
The plant is expected to start the first part of its operations in late 2024 and will employ as many as 1,000 people, according to a statement on Friday. When operating at full capacity, the site will be able to produce more than 100 gigawatt hours of cathode material a year and will also feature cell production. It will be powered with renewable energy.