Northvolt rolls out Europe’s first ‘gigafactory-era’ car battery

Electric cars have gone mainstream in Europe – they accounted for nearly a fifth of allThat is now changing. On Tuesday night, Northvolt, a startup, produced its first lithium ion battery cell at a plant in northern Sweden.

Only two large battery factories are operational in Europe, according to Benchmark Mineral Intelligence , a battery data company: a factory in Wrocław, Poland, run by Korea’s LG, and another owned by Korea’s Samsung near Budapest in Hungary. Yet there are 25 gigafactories planned for the continent by 2030, according to BMI, as the industry races to keep up with soaring demand for electric cars. Nine of those are owned by Asian manufacturers, which control most of the global supply.

The UK is arguably further behind the rest of Europe, with plans for only two gigafactories. One will be a

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The electric vehicles set to star in 2022Strong demand around the world, continuing high battery costs, supply chain issues and policy factors mean they’ll likely stay rare and expensive. Tesla has three different models in Australia. Model X, S and 3. The only one yet to arrive is the Model Y.
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