Northvolt may build its battery factory in northern Germany later than planned, Chief Executive Peter Carlsson told the Frankfurter Allgemeine Sonntagszeitung, citing a sharp rise in energy prices as part of the reason for the possible delay.
Peter Carlsson, Chief Executive, said:
We want to continue to be a European champion and market leader.
Carlsson said in the interview to be published on Sunday, adding: “But we are now at a point where we may prioritize expansion in the U.S. over Europe first.”
Sweden-based Northvolt, whose biggest owner is Volkswagen AG , said in March that it had signed a memorandum of understanding with Schleswig-Holstein state and the Heide region for the development of the factory, and that it expected it to produce its first batteries in late 2025. (Writing by Miranda Murray; editing by Matthias Williams).
🔥 What about we co-host a webinar? Let's educate, captivate, and convert the battery economy!
Batteries News is the global go-to online magazine for the battery industry, we can help you host impactful webinars that become a global reference on your topic and are an evergreen source of leads. Click here to request more details
READ the latest Batteries News shaping the battery market
Northvolt may delay German battery factory over energy costs, CEO tells newspaper, Berlin, October 28, 2022