Northvolt selling cathode and ESS sites, sharpening focus to battery cell production
- Admin
- Sep 12, 2024
- 6 min read
Northvolt, a Sweden-headquartered lithium-ion technology company, is divesting non-core activities to focus on battery cell manufacturing due to challenging macroeconomic conditions. They are ramping up the Northvolt Ett lithium-ion gigafactory and levering the R&D facility in Västerås, Sweden. The company is discussing selling the energy storage system factory in Gdansk, Poland. Factors like interest rates, EV demand slowdown, and competition with US and China have influenced their strategic decisions. Despite short-term challenges, Northvolt remains committed to its cell manufacturing ventures with partners like Volvo Cars in Sweden, and projects in Germany and Canada.
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