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Dow Jones Futures: Stock Market Rally Pauses; Tesla Nears Buy Point As Musk Share Sales End

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Reuters

Northvolt battery plant sparks into life, a first for Europe

STOCKHOLM (Reuters) -Sweden’s Northvolt said on Wednesday its new gigafactory in northern Sweden has assembled its first battery cell, making it the first European company to design and manufacture a battery on the continent. Northvolt CEO Peter Carlsson had told Reuters that the new factory would produce a battery this year “even if it means the first battery is made on New Year’s Eve”. “What we did yesterday was taking a few cells through the entire cell assembly process, from start to finish, as part of the commissioning of the machinery,” a spokesman said.

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