European Investment Bank to lend Northvolt $391mln for battery gigafactory

By Martim Facada
Published: Friday, 17 May 2019

European Investment Bank will lend €350 million ($391 million) to Northvolt for the construction of a gigafactory that could consume as much as 12,800 tpy of lithium compounds.

The European Investment Bank will help finance Northvolt’s gigafactory in Sweden with a €350 million loan, the battery manufacturer said on Wednesday May 15. 

Northvolt is looking to raise €1.5 billion to build its gigafactory. The €350 million loan is currently under negotiation and is pending the completion...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


           



Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.