The Folksam Group -- with Swedish pension providers KPA Pension and Folksam -- invests just over EUR 20m in the construction of factory Northvolt Ett placed in Skellefteå almost 400 miles north of Stockholm. It will be Europe's first large-scale factory to produce durable batteries for the automotive industry. Full production is expected by 2021.
KPA Pensionsförsäkring AB, Folksam Life and Folksam Sak have invested equally in the project.
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