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Freyr, Norway and Nidec complete formation of joint venture
On December 6, Freyr Battery and Nidec Corporation (Nidec) established a downstream joint venture, called Nidec Energy AS (“Nidec Energy”). Mass production is expected to commence in 2025, with the ambition to manufacture more than 8 GWh per year of battery modules and packs from 2027, and 12 GWh per year by 2030.
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