Northvolt’s Funding Travails Hit Battery Projects from Germany to Canada
- German plant is likely to open 6-12 months past 2026 target
- Cell production in Canada likely delayed by more than a year
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Northvolt AB’s tribulations are causing headaches far beyond its home base of Sweden, as taxpayer-supported EV battery projects face delays stretching from Germany to Canada.
A €5 billion ($5.5 billion) gigafactory being built by the manufacturer in northern Germany is likely to open six to 12 months later than the targeted goal of 2026, according to people familiar with the matter.