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Swedish battery manufacturer Northvolt AB officially commenced construction on a battery factory in northern Germany. According to previously disclosed plans, this factory is located in the city of Heide in the Schleswig-Holstein state in northern Germany, and is expected to be completed by 2025, with battery deliveries scheduled to commence in 2026, reaching an annual production capacity of 60GWh.

In January, the factory received approval for state aid from the European Commission. The reason for this aid approval, in addition to addressing the challenges posed by the US Inflation Reduction Act to European industry, is the urgent need in Europe to develop its own domestic battery capacity.

Northvolt is the only major domestic electric vehicle battery manufacturer in Europe, having officially commenced shipments in May 2022, with customers including Volkswagen and BMW.

So far, Northvolt has built and planned battery factory production capacity totalling 170 GWh per year. According to its plans, by 2030, the company aims to hold a 25% share of the European battery market, with deployed annual production capacity in Europe reaching and exceeding 150GWh.

Source: WeChat Official Account—电池工业网

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