Northvolt Confirms Plans to Build EV Battery Gigafactory in Germany

Sweden's Northvolt has confirmed plans to build an electric vehicle (EV) battery plant in the German state of Schleswig-Holstein. The multi-billion Euro investment will create 3000 direct jobs in the town of Heide, and thousands more in the surrounding industry and service sector.

The annual production volume after factory ramp-up will be 60 GWh and will supply around one million electric vehicles with battery cells made in Germany.

The plant will be Northvolt's third EV battery gigafactory. 

Deliveries of Heide-made battery cells will begin in 2026.

Northvolt's key projects include the ramp up and expansion of Northvolt Ett, as well as the establishment of the Northvolt Volvo Cars joint venture gigafactory in Gothenburg, Sweden.

In parallel, a cathode factory, Northvolt Fem, is being established in Borlänge, Sweden.

Peter Carlsson, Founder & CEO Northvolt, says: “We’re grateful for all the efforts being made by the Federal Government, the state government of Schleswig-Holstein, the EU-Commission but also made on local level in the district of Dithmarschen. Backed by this commitment of the federal government, Northvolt has decided to take the next steps towards our expansion in Heide.”

Minister President of Schleswig Holstein, Daniel Günther, adds: “Northvolt's decision is a strong commitment to the Heide site. The joint efforts of the region, the state and the federal government to attract the company over the past two years have paid off."

Since 2017, Northvolt has secured close to $8 billion in equity and debt to deliver on its plans to establish a supply of sustainable batteries.