According to Bloomberg, Germany is pushing Swedish battery manufacturer Northvolt AB to build a second large battery factory in the north of the country as part of the country’s continued efforts to attract green investment.
, Northvolt battery.
Photo source: Northvolt, German Economy Minister Robert Habeck spoke at a business conference in Bad Saarow on June 3, recommending that Northvolt build another factory in the northeastern German state of Mecklenburg-Vorpommern, in coordination with the plant being built in the town of Heide for a 5 billion euro (total US$5.
4 billion).
Habeck also mentioned other companies ‘investments in battery production in the country, such as BASF Europe’s investment in Schwarzheide and Volkswagen’s investment in Zwickau.
Habeck added: “Northvolt has the potential to expand its investment in Heide in the future to Mecklenburg-Vorpommern, another region in Germany.
“, Habeck pointed out that technology investment in eastern Germany is currently surging.
“Many major investments are underway in eastern Germany.
Tesla has plans to expand its battery factory in Brandenburg.
Almost all of the new semiconductor factories are in the east, which has formed a cluster effect around companies such as Intel, TSMC, Infineon and Global Foundries.
The network may expand further in the future.
” Habeck said.
, Supported by a newly relaxed EU state aid program, Northvolt began construction of its Heide factory in March.
The project, which is designed to supply batteries for electric vehicles, will receive just over 900 million euros in aid and guarantees from Germany, incentives that will help ensure the smooth progress of the project and prevent it from being attracted to the United States.
German Chancellor Olaf Scholz sees the investment as the latest example of the government’s efforts to modernize and secure its manufacturing base.
, Northvolt’s Heide plant relies on wind power and plans to employ about 3000 people and start operations in 2026.
The plant’s annual production capacity is 60 gigawatt hours (GWH), which will make it Germany’s largest battery factory, enough to power approximately 1 million electric vehicles.
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