#Northvolt
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“Northvolt transformed in a matter of months from Europe’s best shot at a homegrown electric-vehicle battery champion to a company struggling to stay afloat.”
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La solution, c'est la décroissance.
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Goldman Sachs хочет «выбить табуретку» из-под Northvolt.
Финансисты против производственников – именно так можно охарактеризовать, то, что происходит между «Goldman Sachs» и «Northvolt». Американский банк «Goldman Sachs», являющийся с некоторого времени одним из крупнейших инвесторов “европейской надежды” на “суверенные европейские” аккумуляторы, решил вывести из неё до конца текущего года почти 900 млн. $. Как вы понимаете, вывод такого объёма денег…
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Avrupa’nın elektrikli hayali kısa mı sürdü? Şirketler bir bir batıyor
Avrupa’nın elektrikli otomobil bataryası üreticisi olan Northvolt battığını açıkladı. Buna göre operasyonların değişeceği belirtildi. Avrupa’nın elektrikli araç devrimine öncülük etme iddiasında olan İsveçli batarya üreticisi Northvolt, beklenmedik bir hamleyle sektörü şaşırttı. Şirketin operasyonlarını kapatmaya karar verdiği verildi. Avrupalı batarya üreticisi Northvolt battı İsveçli batarya…
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Crisis-hit EV battery maker Northvolt struggles to meet production targets
Northvolt failed to meet plans by curtailing production at its battery cell plant in northern Sweden, according to Reuters.
Since early September, the company has consistently failed to meet weekly battery production targets deemed good enough to deliver to customers, according to two unpublished documents.
The documents state a target of 51,000 cells delivered in one week by the end of 2024. However, Northvolt said in response to the appeal that the targets were set on 5 September and were “long out of date.” The company also did not specify its current production targets, which it said were based on contracted customer deliveries.
Hailed as Europe’s best chance to weaken China’s overwhelming dominance of the electric vehicle (EV) battery market, Northvolt laid off a fifth of its global workforce and cut its operations in September to stay afloat. The Swedish company, headed by former Tesla executive Peter Carlsson, has yet to turn a profit.
Northvolt is discussing the possibility of filing for Chapter 11 bankruptcy protection in the US. The company lost a €2 billion ($2.1 billion) contract with BMW in June due to delays in deliveries and its inability to produce sufficient volumes of high-quality batteries.
The plan is currently under review based on the execution of our strategic review, which has influence on the way we operate our main facility Northvolt Ett.
The company publicly launched the strategic review in July and began publishing the results from 9 September. The main actions taken as part of the review included adjusting customer orders and reducing shifts.
This is a very challenging industry. However, we have made great progress through this year, to the point that today we are consistently, week-on-week producing high-performance cells for our customers.
In September, Northvolt said it had tripled its cell manufacturing volumes since the beginning of the year. However, weekly production reports showed that the company collected more than 51,000 serviceable batteries per week only once, between late August and early November.
For machines that are in serial production, we have very good levels of performance. Naturally, following installation we have a period of commissioning, during which machines are fine-tuned and calibrated.
Battery experts say that production levels can fluctuate on a weekly basis. Manufacturing batteries is a delicate process, and scaling it up is widely recognised by experts as a major challenge for any battery manufacturer. However, despite the challenges, Northvolt is still ahead of other European battery makers.
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#world news#news#world politics#sweden#swedish politics#northvolt#ev#electric vehicles#electric car#electric vehicle charging#electric vehicle battery#electric vehicle technology#electric vehicle market#ev charging#ev batteries#ev market
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تشتري شركة Lyten أصول تصنيع البطاريات من شركة Northvolt المحاصرة
اشراق العالم 24 متابعات تقنية: نقدم لكم في اشراق العالم 24 خبر بعنوان “تشتري شركة Lyten أصول تصنيع البطاريات من شركة Northvolt المحاصرة ” نترككم مع محتوى الخبر أعلنت شركة Lyten، وهي شركة ناشئة للبطاريات في وادي السيليكون، اليوم أنها استحوذت على أصول تصنيع من شركة Northvolt، وهي شركة تصنيع بطاريات سويدية تواجه أزمة نقدية. وكجزء من الصفقة، تبيع شركة Northvolt معدات التصنيع التي ورثتها الشركة عند…
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3 döda på Northvolt verkar ytterst märkligt
I Sverige dör cirka 90 000 personer på ett år. Det innebär en dödlighet på 0,9%. På Northvolt har 3 personer dött på ett halvår. Med 3 500 anställda innebär det en dödlighet på 1,6% per år. I Sverige är flertalet av de döda gamla människor som dör av naturliga orsaker. Men det gäller inte de 3 döda på Northvolt. De tre som arbetade på Norttvolt var inte gamla människor när de dog. Den yngste,…
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#BreatheBatteryTechnologies#chargingsoftware#ElectricVehicle#electrification#EV#Futurride#Leadrive#London#Northvolt#NovoEnergy#powerelectronics#Shanghai#siliconcarbide#software-definedbatteries#sustainablemobility#verticalintegration#Volvo#VolvoCars#VolvoCarsTechFund
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Northvolt Secures Record $5 Billion in Debt Financing for Expansion and Recycling Facility
Europe’s Leading Battery Manufacturer Readies For Possible Stock Market Listing
In a significant development, Northvolt, the Swedish battery manufacturer, has solidified its status as Europe’s best-funded start-up by securing a groundbreaking $5 billion in debt financing. The funding, acknowledged as the largest green loan in Europe to date, is poised to fuel the expansion of the company’s inaugural gigafactory and the construction of a state-of-the-art recycling facility on the same site. This move highlights the insatiable demand for capital in the region’s burgeoning battery sector and positions Northvolt for potential stock market listing, pending improved market conditions.
Record-Breaking Financing
Northvolt’s recent announcement validates earlier reports from the Financial Times in March, indicating the company’s intent to raise $5 billion in debt. The funds were sourced from a consortium of 23 banks, alongside significant contributions from the European Investment Bank and the Nordic Investment Bank. This financing, which encompasses the refinancing of a $1.6 billion debt package from July 2020, brings the company’s total raised capital to over $13 billion, facilitating its ambitious plan to establish four major factories across Sweden, Germany, and Canada by the decade’s end.
Challenges and Milestones at Northvolt Ett
The financing will play a pivotal role in realizing the full potential of Northvolt Ett, the company’s inaugural gigafactory situated below the Arctic Circle in northern Sweden. Although the company Ett commenced battery production in late 2021, it faced delays and setbacks, impacting overall production. Notably, the Swedish truckmaker Scania, among other customers, has been awaiting deliveries from Northvolt Ett, contributing to the company’s losses, which surged eight-fold to nearly SKr11 billion ($1.1 billion) for the first three quarters of 2023 compared to the previous year.
Focus on Sustainability and Circular Practices
Peter Carlsson, Northvolt’s CEO and co-founder, emphasized the financing as a milestone for the European energy transition. The funds will not only support the gigafactory but also finance the adjacent recycling plant, Revolt Ett. This marks the first instance of a company outside Asia placing a recycling facility next to battery manufacturing. According to Northvolt, recycled battery materials boast a 70% lower carbon footprint than mined minerals, reinforcing the company’s commitment to sustainable and circular business practices.
Environmental Recognition and Future Challenges
Northvolt received a commendable “dark green” rating from Cicero, a Norwegian consultancy assessing the environmental quality of debt offerings. Emma Nehrenheim, Chief Environmental Officer at Northvolt, expressed pride in attracting top-tier financial partners, noting that global capital is increasingly keen on investing in electrification and climate change mitigation. Despite the challenges faced by the company, executives remain optimistic, anticipating that future gigafactories will necessitate their own multibillion-dollar financing packages.
Northvolt received advisory support from BNP Paribas, Allen & Overy, and Mannheimer Swartling, underscoring the strategic collaboration behind this monumental financing endeavor. As Northvolt navigates its expansion and sustainability initiatives, the battery manufacturer is positioned as a trailblazer in Europe’s transition towards greener energy solutions.
Also Read: Pallet Jacks: The Backbone of Efficient Warehousing and Logistics
#Northvolt#GreenFinance#BatteryTechnology#Sustainability#EuropeanStartups#DebtFinancing#RecyclingFacility#Gigafactory
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Baut Volkswagen eine Batteriefabrik in Indonesien?
Möglicherweise plant der Volkswagen-Konzern den Bau einer Batteriefabrik für Elektroautos in Indonesien. Laut lokaler Medien und Aussage des indonesischen Investitionsministeriums möchte Volkswagen rund 4,7 Milliarden Euro in die Fabrik investieren. Man wolle noch dieses Jahr mit dem Bau beginnen. Finanziert werden soll das Vorhaben durch die Volkswagen-Batterietochter PowerCo. Neben der reinen…
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jag har varit helt känslokall på sistone men detta fick mig att böla som ett småbarn
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"Swedish battery maker Northvolt has developed a new sodium-ion cell technology and could ramp up production of batteries in the next few years. The demand for critical minerals such as lithium, cobalt and platinum has surged in recent years as electric vehicles (EV) become increasingly popular, prompting car manufacturers and battery makers to look for alternatives. Northvolt’s sodium-ion batteries do not contain lithium, cobalt and platinum, which can pose cost and environmental challenges."
"The researchers have developed a recycling method that allows recovery of 100 per cent of the aluminium and 98 per cent of the lithium in electric car batteries. Swedish researchers say they have developed a new, more efficient way of recycling electric car batteries. The method allows for the recovery of far more valuable metals found in EV batteries. The process does not require the use of expensive or harmful chemicals either, the scientists say. “As the method can be scaled up, we hope it can be used in industry in future years,” says research leader Martina Petranikova"
Not exactly related to good manners, but some good news I heard today that I was too excited about not to share.
There's been quite a few technological breakthroughs recently that could make electric car batteries, and just batteries in general, more environmentally friendly, more ethical, and more sustainable.
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North Sweden’s green industry boom
Northern Sweden’s plentiful supply of cheap hydro and wind renewable electricity, coupled with a supply of raw materials and affordable land prices are prompting a ‘green’ industry boom in Sweden’s far north.
Long home to polluting industries, the Norbotten and Västerbotten regions are at the centre of an eco-boom attracting industries including battery manufacturing, data centres and low carbon steel which Sweden’s government estimates to be worth around US$120bn.
Last month, Swedish steel producer SSAB announced it would be building a 2.5 million tonne capacity fossil-free steel mill in the city, supplied with fossil free sponge iron from the Hybrit plant in nearby Gällivare. In January, steel company H2 Green Steel announced it had secured US$4.4bn in debt financing to build the world’s first large scale green steel plant in Boden, to the northwest of Luleå. And also in January Swedish battery producer Northvolt announced it had raised US$5bn in debt financing to help it expand its gigafactory in Skellefteå in Västerbotten.
And the creation of thousands of new jobs in the region is in turn prompting a need for new homes, shops and roads, which is again increasing demand for low carbon construction equipment.
“We have been following the development in the northern market for many years and see that there is room for a niche player like us,” Eriksson adds. “With the market’s focus on sustainable development, we are well-positioned for expansion northwards. Our focus will be on making electric and hybrid-powered units available from the fleet as needed.”
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"Сложный макроэкономический климат" Европы неблагоприятен для Northvolt и аккумуляторного производства.
«Сложный макроэкономический климат», таким определением сейчас Питер Карлссон, генеральный директор и соу��редитель Northvolt опис��вает причину, по сути, катастрофической ситуации, складывающаяся вокруг бизнеса самого распиаренного европейского аккумуляторного производителя. Последствия “сложного макроэкономического климата” для Northvolt – массовые сокращения персонала. Оптимизация… Только за…
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Contrordine compagni.
Guardate cosa hanno scritto nel loro comunicato i sindacati, pronti a scioperare contro la crisi dell’automotive. Testuale: “Non si può accettare una transizione contro il lavoro e con costi sociali enormi”. Come, scusa? Finalmente la Cgil e i sindacati hanno capito che dalla Germania al Belgio, passando per Stellantis, complice anche l’auto elettrica, la crisi delle immatricolazioni rischia di bruciare milioni di posti di lavoro. Meglio tardi che mai, certo. Ma se oggi puntano il dito contro il costo dell’energia e contro una transizione portata avanti “contro il lavoro”, beh: allora l’ipocrisia regna sovrana. Era il maggio del 2022, governo Draghi, quando la Cgil e Maurizio Landini si riunirono con Paolo Gentiloni (commissario del governo Ue ideatore del green deal) e con l’allora ministro delle mobilità sostenibili per “allearsi con gli ecologisti di fronte alla sfida dell’auto elettrica”. Diceva Giorgio Airaudo, leader della Cgil piemontese: “A noi non convince la storia per cui elettrico significhi esuberi. Un recente studio tedesco ipotizza nell’automotive un saldo a somma zero tra posti di lavoro persi e posti di lavoro creati con le nuove tecnologie delle vetture a batteria e a guida autonoma: pensiamo solo alle reti di ricarica”. S’è vista come è andata. Volksvagen potrebbe arrivare a tagliare 15mila posti di lavoro. Bmw e Mercedes lanciano allarmi. Il fornitore di batterie, la svedese Northvolt, ha annunciato licenziamenti per 1.600 lavoratori e sospenderà gli investimenti per i nuovi stabilimenti. E Acea, l’associazione che riunisce i costruttori europei, ha denunciato la “riduzione della quota di mercato delle auto elettriche”. Se l’Ue non rivedrà le regole sulle emissioni, con l’addio al motore endotermico entro il 2035, il rischio - scrive Acea - è che altre famiglie restino senza la pagnotta da portare a casa. Domanda: ma era coì difficile capirlo? Domanda per Landini: quando nel 2022 preferiva le manifestazioni di Fridays for future a quelle degli operai, non poteva immaginare che l’addio al motore endotermico in così poco tempo avrebbe avvantaggiato Cina e Usa (tecnologicamente più avanti), portando al tracollo della maggiore industria del vecchio continente? Forse, quando sosteneva che le priorità della Cgil erano “la lotta al cambiamento climatico, una giusta transizione ecologica e sostenibile e il superamento dell’uso delle fonti fossili”, non aveva compreso fino in fondo quali sarebbero state le conseguenze. Ora la sveglia è suonata, e speriamo non sia troppo tardi. E pensare che Giancarlo Giorgetti lo andava spiegando dal lontano 2021: “Vogliamo scegliere la strada della transizione ecologica? - aveva detto in tempi non sospetti - Tutto questo avrà un prezzo sociale ed economico enorme in termini di disoccupazione. Chi lavora oggi in una fabbrica di motori diesel sa perfettamente” che è condannata a morte. Landini avrebbe fatto meglio ad ascoltare il ministro, invece di Greta Thunberg.
L'ipocrisia verde di Landini, la preghiera anti-partite iva e Putin: quindi, oggi... (msn.com)
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Crisi delle batterie mica solo in Italia - riconversione stab. Stellantis di Termoli fermata (così come un'altra in Germania), ora tocca alla Svezia, si quelli vicini alla Norvegia dove tutti comprano elettrico - perché super-incentivato, coi proventi della rendita petrolifera. Northvolt eran quelli che btw volevano rilevare uno stabilimento abbandonato ex Olivetti a Ivrea ma dopo un po' di giri tra consulenti, ingegneri e pubbliche amministrazioni, se ne sono fuijti (*).
Vuoi sfruttare un mercato palesemente drogato? Basta una flessione degli incentivi più mezzo colpo di tosse cinese e vai fuori. Stessa cosa successa coi pannelli solari: dumping, manco enel riesce a starci dentro con la produzione a Catania. Niente, ha da restà tutto made in chaina.
(*) perché per andare avanti gli toccava svenarsi con la bonifica dell'ex fabbrica prima di poter posare la prima pietra e senza nemmeno poter sapere quanto gli sarebbe costato: in Italia lo decide un ente pubblico regionale ex post se hai pulito abbastanza, fin che non lo dice sei tenuto a continuare; contrariamente ad altrove, nessuna amministrazione può far sconti su questo, altrimenti rischia la galera. Per cui le fabbriche rimangono abbandonate: tanto la tossicità vale solo per gli extracomunitari che ci vanno a dormire. Almeno così credono.
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