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Northvolt raises USD 600m for realizing battery plants

Swedish battery maker Northvolt has received a capital injection of USD 600 million, raised in a financing round led by Baillie Gifford, Goldman Sachs and Volkswagen.

Northvolt Ett in Skellefteå, Sweden, will have a capacity of 32 GWh by 2024, according to Northvolt. | Photo: PR / Northvolt

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