Sweden

Northvolt cuts cost estimate for Europe battery plant as it seeks investors

June 15, 2018 14:02 CET
Northvolt has cut the estimated cost of building Europe's largest battery factory from a previous guidance of 4 billion euros ($4.7 billion), giving a boost to a project that faces a battle to attract investors worried about Asia's head-start in the industry.

Siemens backs Northvolt's Swedish battery plant

May 25, 2018 15:20 CET
German engineering company Siemens has become the latest company to contribute to the Northvolt project to build Europe's largest lithium ion factory in northern Sweden.

Northvolt signs battery MOU with Japan's Marubeni

May 15, 2018 14:05 CET
Swedish battery manufacturer Northvolt has signed a memorandum of understanding with Japanese trading house Marubeni to collaborate on lithium ion battery production.

Swedish road project could slash cost of EVs

May 14, 2018 20:28 CET
An electrified road in Sweden that is the first in the world to charge vehicles as they drive along is showing promise and could potentially help cut the high cost of EVs, project backers Vattenfall and Elways said.

Volvo, Amazon debut U.S. in-car delivery service

April 24, 2018 13:00 CET
Volvo is expanding its in-car package delivery delivery service that operates in three European countries to the U.S. after partnering with Amazon.

Vattenfall joins battle for EV charging market dominance

April 20, 2018 11:47 CET
Swedish utility Vattenfall has launched plans to become northwestern Europe's biggest operator of EV charging infrastructure within five years.

Renault picks Sweden for first EV-only showroom

Feb. 23, 2018 06:01 CET
Renault chose Sweden, Europe's No. 3 market for electric cars and plug-in hybrid vehicles, for its first showroom dedicated to EVs

Sweden's Northvolt battery plant gets financing approval from EIB

Feb. 12, 2018 06:01 CET
The European Investment Bank has approved 52.5 million euros ($64 million) in financing, alongside Sweden's government, for a Swedish plan to build Europe's biggest battery cell plant as part of a EU push to compete with Asian and U.S. manufacturers.

Sweden will invest $18 million in Northvolt battery plant

Feb. 8, 2018 10:44 CET
Sweden will invest 146 million crowns ($18 million) in a multibillion-euro project to build Europe's biggest battery cell plant in the north of the country.

VW's Scania invests in $5B Swedish battery plant

Jan. 26, 2018 12:46 CET
VW-owned truckmaker Scania will invest in a $5 billion project to build Europe's biggest battery cell plant in Sweden as a rival Tesla's Gigafactory in the U.S.

China's billionaire Li Shufu turns gaze on Volvo trucks after cars

6:23 am U.S. ET | Dec. 28, 2017
About a decade after Chinese billionaire Li Shufu bought the Volvo Car nameplate from Ford and revived the brand, he's turning his attention to the separately owned Swedish company's heavy vehicles.

Autoliv expects to complete spinoff of electronics business next year

Dec. 12, 2017 11:23 CET
Autoliv expects the spinoff of its electronics business, which makes radars, visions systems and driver assistance software, to be completed next year. Its airbags and seat belts business will continue to operate under the Autoliv name.

Saab asset owner NEVS plans Swedish production next year

Dec. 8, 2017 09:19 CET
National Electric Vehicle Sweden, which acquired the assets of Saab Auto, plans to make electric cars at the iconic brand's Swedish factory as it seeks to take advantage of global interest in greener vehicles.

Northvolt selects Swedish site for battery plant to rival Tesla's Gigafactory

Oct. 19, 2017 12:28 CET
Sweden's Northvolt has selected a site in the far north of its home country to build Europe's biggest battery factory to rival to Tesla's U.S. Gigafactory, as the company continues to seek the billions of euros needed to finance the scheme.

Swiss tech company ABB joins Northvolt to build Europe battery plant to rival Tesla's Gigafactory

Sept. 26, 2017 09:32 CET
Swiss tech company ABB has joined Northvolt's project to build Europe's largest lithium ion battery plant to challenge Tesla's U.S. Gigafactory as the demand for EV batteries rises in the next few years.

Knorr-Bremse's bid for Haldex dealt blow by Swedish regulator

Sept. 7, 2017 10:16 CET
German brake systems maker Knorr-Bremse's attempt to buy Swedish rival Haldex was dealt a blow when Sweden's securities regulator rejected its request to extend the acceptance period for its bid.

Swedish battery firm takes aim at Tesla's Gigafactory

Aug. 14, 2017 09:33 CET
Swedish battery firm Northvolt is planning to close its first major fundraising round this autumn, potentially drawing in 100 million euros ($118 million) as it seeks to build a massive 32 gigawatt-hour plant costing 4 billion euros to rival Tesla's U.S. Gigafactory.

Autoliv Q2 net income drops 13.5%

2:50 pm U.S. ET | July 21, 2017
Autoliv said its net income dropped 13.5 percent during the company's second quarter from a decline in North American and Chinese auto production.

 
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