Northvolt unveils plans to develop wood-based batteries with Stora Enso

They intend to use lignin-based hard carbon produced with wood, with the aim of developing the world’s first industrialised battery featuring anode sourced entirely from European raw materials

Northvolt to build its third battery gigafactory in northern Germany

The plant in Heide is expected to have an annual production capacity of 60GWh, with the batteries to be supplied to the European market, enough for around one million EVs