AMF, ATP invest in battery manufacturer
The pension funds become shareholders in battery manufacturer Northvolt, which intends to construct Northvolt Ett, Europe's first homegrown gigafactory for lithium-ion battery cells.
AMF has agreed to invest EUR 69.2m in Northvolt AB, a supplier of sustainable, high-quality battery cells and systems. The investment is part of a major investment round of USD 1bn to finance the construction of Europe's first homegrown gigafactory for lithium-ion battery cells, Northvolt Ett, which will be based in Skellefteå, Sweden. AMF's investment comprises about 5 percent of Northvolt’s total equities.
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