# Volvo and Northvolt close $3.3B battery supply deal for EVs

Volvo and Northvolt closed a $3.3 billion battery supply deal for next-generation electric vehicles. The deal was announced on December 10, 2021.

- Type: Contract
- Announced: 2021-12-10
- Value: $3.30B
- Status: announced
- Products: batteries for electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Northvolt](https://endata.com/companies/7632.md) (supplier)
- [Volvo](https://endata.com/companies/9342.md) (customer)

## Sources

- [autonews.com](https://www.autonews.com/mobility-report/volvo-northvolt-close-33b-battery-supply-deal-next-generation-evs/), 2021-12-10: "Volvo, Northvolt close $3.3B battery supply deal for next-generation EVs"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.