Swedish battery developer Northvolt, founded 2016, has entered a technology partnership with Siemens to jointly set up the first large-scale lithium-ion battery cell production in Europe. Siemens will support the venture through a €10 million investment that helps digitalize Northvolt’s value chain from the design of the battery cell to production and services. Once completed in 2020, Siemens intends to purchase batteries from the factory by making Northvolt a preferred supplier.
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