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VW-Backed Battery Maker May Delay German Plant as US Woos Suppliers

  • Swedish company will decide on Heide site’s timeline next year
  • Europe’s energy crisis is hurting industry while US boosts aid
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Northvolt AB is considering postponing its planned factory in Germany as surging energy costs threaten to stall the country’s bid to build a sizable electric-vehicle supply chain.

The Swedish manufacturer will decide next year whether to build the Heide facility in northern Germany in time for production to start in late 2025 or expand first in North America, where US President Joe Biden is wooing cell manufacturers with billions of dollars in incentives.