Nordic pension giants invest more capital in Swedish battery manufacturer

The Danish state pension fund has increased its investment in Northvolt, as have Folksam, AMF and Swedbank Robur.

Photo: Helena Soderpalm/Reuters/Ritzau Scanpix

Danish state pension fund ATP has invested an additional DKK 400m (EUR 53.8m) in Swedish battery manufacturer Northvolt, increasing the fund’s total investments in the firm to DKK 1.9bn (EUR 255m), ATP reports on Tuesday morning.

Northvolt, which is unlisted, develops batteries for electric vehicle manufacturers which include BMW, Volvo, and Volkswagen.

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