Spread across 500,000 square meters, Northvolt Ett, Europe's first homegrown gigafactory is located near the Arctic Circle in Skelleftea city of Sweden. It comes shortly after the cash-strapped company announced plans to reduce its workforce by about 25% in Sweden as part of a. . NOVO Energy, the joint venture between Northvolt and Volvo Cars, celebrated the start of construction for its highly anticipated battery factory in Torslanda, Gothenburg. Located near Volvo Cars' manufacturing plant, the start of construction marks a significant milestone in the Western Sweden. . Lyten, the global leader in lithium-sulfur batteries, announced today that it has entered into a binding agreement to acquire Northvolt's remaining assets in Sweden and Germany. The California-based startup is securing gigafactories and expertise in Europe, and has announced plans to resume battery production at several Northvolt sites.
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