FILE PHOTO: General view outside the Northvolt facility in Vasteras, Sweden, September 29, 2021. Picture taken September 29, 2021. REUTERS/Helena Soderpalm.
(Reuters) -Swedish lithium-ion battery producer Northvolt is in talks to secure more than $5 billion of financing to pursue its goal of becoming Europe's biggest battery manufacturer, the Financial Times reported on Sunday.
The company is negotiating with a number of banks to raise the amount and an agreement could be reached later this year, the FT said, citing people with knowledge of the matter.
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