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Sweden

EIB approves EUR 350 million financing for Northvolt's battery gigafactory

May 16, 2019

On May 16, the European Investment Bank has given its in-principle agreement to support the financing of Europe’s first home-grown gigafactory for lithium-ion battery cells, Northvolt Ett, in Sweden.
Once the loan agreement is in place, the financing would be supported by the European Fund for Strategic Investments....

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