Many car manufacturers want to rely on electric cars in the future. That will also have an impact on the demand for battery cells, says the manufacturer Northvolt – and expects an expansion of production in Europe.
The Swedish battery manufacturer Northvolt expects the demand for battery cells to grow immensely as a result of the boom in e-cars.
“I think that by 2030 we will possibly need a total capacity of 3000 gigawatt hours worldwide. In Europe alone, more than 800, maybe 1000 gigawatt hours could then be necessary, ”said company boss Peter Carlsson of the industry newspaper“ Automobilwoche ”. “That means we need 15, maybe 20 really big factories in Europe.”
A lot of money would have to be invested in this, added Carlsson. Setting up a production facility for car batteries with a total electrical energy of one gigawatt hour would cost around 100 million US dollars today. “If you extrapolate that to 1000 gigawatt hours, you are making a big investment.”
In the latest financing round, Northvolt raised $ 2.75 billion. “That gives us the firepower to carry out our plans,” said Carlsson. At the end of the year, Northvolt intends to start producing the first eight gigawatt hours, with a further eight gigawatt hours to follow next year. “It will then take twelve to 18 months to fully ramp it up.” By the beginning of 2025, production is to be increased to 60 gigawatt hours, enough for 800,000 to one million vehicles.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
