Battery Factories — Volkswagen Warns On High Energy Prices, Northvolt Eyes US
Europe’s energy crisis is putting pressure on how battery manufacturers respond to the, which aims to boost domestic production of electric cars in America and reduce reliance on China for battery components and materials. European Union officials have said the subsidy program violates World Trade Organization rules and discriminates against non-US companies.
The Swedish manufacturer will decide next year whether to build the Heide facility in northern Germany in time for production to start in late 2025 or expand first in North America, where the Inflation Reduction Act is offering billions of dollars worth of incentives to battery cell manufacturers. The Heide facility is among the first EV projects in Europe’s biggest economy that may get pushed back because of runaway energy inflation. Northvolt’s deliberations also point to intensifying competition among countries trying to attract key manufacturers for the transition to zero emissions transportation.
The Heide plant is due to produce its first cells in late 2025, with commercial output starting the following year. Northvolt announced the project in March, saying it will have an annual capacity of 60 gigawatt-hours — sufficient for roughly 1 million EVs — and benefit from abundant wind power supplies in northern Germany.
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