ABB and Northvolt partner for Europe’s largest battery factory; semiconductor foundry as model

By mmillikin ABB and Northvolt have signed a Memorandum of Understanding (MOU) for a wide-ranging supply and technology partnership, including products and services for Northvolt’s planned lithium-ion battery factory and close collaboration on development of battery solutions and R&D activities. Northvolt intends for its factory to supply European customers in the automotive and key industries with high quality and customizable battery solutions. ABB Technology Ventures (ATV) will support the initial phase of this project through an early investment.

Northvolt plans to build Europe’s largest and most advanced lithium-ion battery factory in Sweden, using the semiconductor foundry as a model. Customers will provide specifications,

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