About: http://data.cimple.eu/news-article/2e330f5ade435502efc753ba83d2526e52a2f064d64d013deb978bee

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/2e330f5ade435502efc753ba83d2526e52a2f064d64d013deb978bee Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Swedish electric car battery maker Northvolt said Wednesday it has raised billions of dollars in fresh funding to expand a giant new factory under construction in the north of the country in order to meet massive demand from key customers and partners such as German automaker Volkswagen. Northvolt said in a statement it raised $2.75 billion (2.3 billion euros) from existing shareholders, including Volkswagen, Goldman Sachs and a group of Swedish pension funds. The battery maker said the cash will be used to expand its first "gigafactory", Northvolt Ett, "from the earlier plan of 40 GWh to 60 GWh of annual production capacity in order to meet the increased demand from key customers, including a $14-billion order from Volkswagen announced earlier this year." The factory will commence production "later this year". Northvolt said it has now raised more than $6.5 billion in total equity and debt with the aim of building more than 150 gigawatt hours (GWh) of annual production capacity in Europe by 2030. That will include the construction of two more giant factories in Europe over the coming decade, one possibly in Germany. In addition, Northvolt said it has so far secured "in excess of $27 billion worth of contracts" from key customers, including BMW, Fluence, Scania and Volkswagen, to support its plan, "which also includes establishing recycling capabilities to enable 50 percent of all its raw material requirements to be sourced from recycled batteries by 2030." In a separate statement on Wednesday, Volkswagen -- which has a 20-percent stake in the Swedish startup -- announced it was maintaining its stake in Northvolt and would be contributing $620 million to the latest fundraising. It already invested 900 million euros in Northvolt in June 2019, acquiring the 20-percent stake and a seat on its board of directors. jll/spm
schema:headline	Battery maker Northvolt raises funds for new 'gigafactory'
schema:mentions	Equity (finance) Recycling Goldman Sachs Electric vehicle Electric battery Kilowatt hour BMW Watt Sweden Germany European Union Scania AB Giga Nevada The Factory Pension fund Volkswagen Group JLL (company)
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-06-09 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	81 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software