British media said that the Swedish startup Northvolt, which plans to produce lithium-ion batteries, announced on April 27 that it would spend 100 million Euros to build a demonstration production line and research facility in the Swedish city of Vasteras Peter Calsson, founder and CEO of the company, said the facility was "the first step in our long journey": building a plant capable of producing 32GWh of lithium-ion batteries would put it up against the Asian giants that dominate the battery race.