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17 05 2018 03

Japan’s Marubeni and Northvolt have signed a MOU. Marubeni will supply the company led by former Tesla Manager Peter Carlsson with battery materials as well as with manufacturing equipment for Northvolt’s planned Gigafactory in Europe. The cooperation could also expand.

Northvolt has found a potent partner in Marubeni as they are eyeing the option to not only work as supplier for the Swedish startup but to enter into a wide reaching business cooperation.

For now though, they signed a memorandum of understanding for said supply with euipment and material needed to built batteries including cells. However, Marubeni said they also consider the startup in sales and the entire value chain including collection and reuse. So they are thinking to establish a joint battery recycling facility in Europe.

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