BlackRock, Goldman Sachs, Volkswagen Invest In Swedish Battery Producer Northvolt: Report
Portfolio Pulse from Shivani Kumaresan
Swedish lithium-ion battery producer Northvolt has received a $1.2 billion investment from a consortium of investors including BlackRock Inc, Goldman Sachs Group Inc, and Volkswagen AG. The investment will be used to establish new factories in Europe and North America. This reflects corporations’ interest in funding companies that are set to benefit from the transition to a low-carbon economy.
August 22, 2023 | 2:28 pm
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NEUTRAL IMPACT
BlackRock Inc has invested in Northvolt, a Swedish lithium-ion battery producer.
BlackRock's investment in Northvolt is a strategic move towards the low-carbon economy. However, the short-term impact on BlackRock's stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Goldman Sachs Group Inc has invested in Northvolt, a Swedish lithium-ion battery producer.
Goldman Sachs' investment in Northvolt is a strategic move towards the low-carbon economy. However, the short-term impact on Goldman Sachs' stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Volkswagen AG has invested in Northvolt, a Swedish lithium-ion battery producer.
Volkswagen's investment in Northvolt is a strategic move towards the low-carbon economy. However, the short-term impact on Volkswagen's stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70