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Olaf Scholz welcomes the Northvolt battery gigafactory in Germany with big subsidies

2024-03-25T18:36:22.600Z

Highlights: Olaf Scholz welcomes the Northvolt battery gigafactory in Germany with big subsidies. The German state is supporting it with nearly 1 billion euros for its installation in Schleswig-Holstein. With an investment of 4.5 billion euros, production should start in 2026 and reach full power three years later with 800,000 to 1 million units per year… This article is reserved for subscribers. You have 81% left to discover. Flash sale €4.49/month for 12 months I ENJOY IT Already subscribed? Log in.


The Swedish champion was considering producing in the United States. The German state is supporting it with nearly 1 billion euros for its installation in Schleswig-Holstein.


From our correspondent in Berlin

It was not a pickaxe, but a throwing of balls, intended to pay homage to the local customs of Schleswig-Holstein, which inaugurated, on Monday, the future construction on German soil of a new automobile battery factory .

Chancellor Olaf Scholz, his Minister of Economy and Climate, Robert Habeck, and the boss of the Swedish company Northvolt, Peter Carlsson, met on Monday in Heide, to celebrate

the speed

of execution of this project of giga-factory.

Beyond the thermal engine, the production of good cars will remain the pillar of our industry.

For this, we need batteries manufactured in Germany, in Europe

,”

declared the head of government, invoking the values ​​of “

technological sovereignty

 ”.

With an investment of 4.5 billion euros, production should start in 2026 and reach full power three years later with 800,000 to 1 million units per year…

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You have 81% left to discover.

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Source: lefigaro

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