Sweden's Northvolt commits to invest in EV battery plant in Germany

General view outside the Northvolt facility in Vasteras, Sweden, September 29, 2021. Picture taken September 29, 2021. REUTERS/Helena Soderpalm/File Photo

(Reuters) - Swedish lithium-ion battery producer Northvolt said on Wednesday it had committed to go ahead with its planned investment in an electric vehicle (EV) battery plant near Heide, Germany.

"Northvolt's planned major investment is a huge success for the west coast, for Schleswig-Holstein and Germany as a whole,” Economy Minister Robert Habeck told German newspaper Die Welt.