ABB and Northvolt have signed a memorandum of understanding (MOU) for a supply and technology partnership. The deal includes the construction of Europe’s largest lithium-ion battery factory.
Battery factory build
Northvolt will build Europe’s largest and most advanced lithium-ion battery factory in Sweden. ABB will support the project with its industrial automation expertise. The factory is expected to start production in 2020. A demonstration line will be ready by 2019.