ABB and Northvolt partner for Europe’s largest battery factory
Zurich, Switzerland, September 26, 2017 - Partnership for industrial digitalization and smart electrificationABB and Northvolt have signed a Memorandum of Understanding (MOU) for a wide-ranging supply and technology partnership, including products and services for Northvolt’s state-of-the-art lithium-ion battery factory and close collaboration on development of battery solutions and R&D activities. ABB Technology Ventures (ATV) will support the initial phase of this project through an early investment. Northvolt is going to build Europe’s largest and most advanced lithium-ion battery