But it looks as though it isn’t entirely out of the question in the next few years. Investors shouldn’t expect a Northvolt IPO anytime soon. And if IPO investing interests you, check out our IPO Calendar to stay up to date on the market’s latest offerings. Whether you’re a beginner or an experienced investor, there’s something for everyone.
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If they are, the acquisition places Northvolt in a strong position within both the global and U.S. And some analysts think these batteries will be the future of the EV industry. battery startup Cuberg.Ĭuberg manufactures lithium batteries. The company is also acquiring other companies, such as U.S. However, the Volkswagen deal might bring Northvolt one step closer to an IPO. The company hasn’t filed or announced any plans to go public. So the big question is… Will Northvolt IPO? The partnership hopes “to achieve further economies of scale, reduced complexity and a better environmental footprint for the product.” The automaker will scale up battery manufacturing. Northvolt will sell its joint venture share to Volkswagen. The group planned to start construction in 2021, with the goal of starting operations in early 2024.
Northvolt Zwei is a new factory planned by the Northvolt-Volkswagen Group Joint Venture. Northvolt Ett, the company’s gigafactory in Skellefteå, Sweden, will be expanded. This is since its last funding round, led by Goldman Sachs and Volkswagen. In addition to meeting Volkswagen’s order, Northvolt says it has $27 billion in contracts. The company is expanding its gigafactory in Sweden in order to increase production capacity. But there’s more… Volkswagen Increases OwnershipĪs part of the deal, Volkswagen will increase its ownership in Northvolt. They are one of our key battery suppliers as we make the transition to electric mobility – and there is potential to expand this partnership even further.Ī deal that big with a household name? It’s no surprise investors want Northvolt stock. Volkswagen will continue to deepen the collaboration and partnership with Northvolt. Volkswagen is a key investor, customer and partner on the journey ahead and we will continue to work hard with the goal to provide them with the greenest battery on the planet as they rapidly expand their fleet of electric vehicles.Ĭhairman of the Board of Management of Volkswagen Group Components Thomas Schmall added… Volkswagen chose Northvolt as its strategic lead supplier for battery cells in Europe. This is the latest step in the two companies’ partnership, which started in 2019. On March 15, Northvolt announced a $14 billion battery cell order from Volkswagen.
And for a while, there’s been a big question around the company: Where will Volkswagen get batteries for its planned EVs? Founded in 1937, it’s become a household name in the industry. But the company recently made an announcement that has analysts wondering if a Northvolt IPO could be in the future. That’s one reason they want Northvolt stock to hit the market. The company now has more than 1,000 employees representing 70 nationalities, according to its website.Īfter a wave of EV IPOs, investors are now turning to a big piece of the market: battery manufacturers. It has three locations there, with an additional two in Germany and Poland.
Northvolt’s goal is to create the greenest EV battery possible and help Europe transition to renewable energy. Carlsson came from a career at Tesla, where he was Vice President of Supply Chain. Here’s what we know… Northvolt Stock: The BusinessĬEO Peter Carlsson and COO Paolo Cerruti co-founded Northvolt in 2016. But it doesn’t look like Northvolt stock is on its way yet. And people are always looking for the next big EV stock. Will Northvolt IPO? Investors are asking this question after the electric vehicle (EV) battery manufacturer made a big announcement.
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