Swedish battery maker Northvolt said Wednesday it created a lithium-ion battery cell, the first by a European company, and plans to ship it to companies to power electric vehicles next year
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by Asian manufacturers, which have built or are building factories in Europe to supply batteries to car companies there, as demand for electric cars is soaring. Fueled by generous government incentives for buyers, Europeans are buying electric cars at a record pace, helping the continent surpass China as the
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Europe's $12 billion Tesla battery rival produces its first lithium-ion cellNorthvolt has produced its first lithium-ion battery cell at its factory in Västerås, meeting its deadline to start production before the end of 2021.
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