Northvolt May Delay German Battery Plant, Is Looking At US via insideevs.com
, the US climate and tax law, aims to boost domestic EV production and reduce reliance on China for battery components and materials.
"IRA has changed the dynamics for suppliers, the entire value chain is looking at North America instead of at Europe. European politicians on various levels need to act quickly to ensure that Europe remains attractive to invest in."Wigardt added that Northvolt has not made a final decision on the Heide timeline, but said the company will have to expand in Europe eventually to be a leader in that market.
Announced in March, the Heide project is supposed to have an annual capacity of 60 GWh, enough for roughly 1 million EVs. The plant is due to build its first cells in late 2025, with commercial output expected to start the following year.. The latter plans to have six battery factories in full operation across Europe by 2030 through its battery unit PowerCo., set to open in 2025. The facility will make battery cells specifically developed for use in next-generation Volvo and Polestar cars.
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