The investment will boost Sweden's strong momentum in the green transition and contribute to the joint Nordic goal of developing a sustainable and globally competitive battery industry. The investment is not only important for Northvolt to get necessary input materials, but also for the development of the entire region and access to competence, technology, and capital.

This is the result of good cooperation between the affected municipalities, the region, the company, relevant authorities, organisations, and other actors. The new industrialisation in Sweden contributes to growth and new jobs, while Sweden is at the forefront of the green transition. There is enormous interest in Sweden, Swedish companies, Swedish ideas, and products as the world's countries are transitioning.

Quote by Jan Larsson, CEO of Business Sweden:

"PTL is one of the world's leading manufacturers of anode material. It is an important investment in Sweden's work towards the green transition and will contribute to building a sustainable and competitive battery industry in Sweden and the Nordic region."