Ann: Quarterly Cashflow Report, page-47

The entire business model rests on the NY gigafactory and proving that it can continuously supply a product to specification.

Northvolt’s Battery Lab is undertaking the same process as IM3NY. It’s simply an investment to prove to the OEM’s that if we can supply you with 1 GWh we can supply you with 15+GWh.

That expansion hinges on the proof of the supply chain. The entire business model doesn’t work if the partners in the supply chain don’t achieve the desired outcomes.

Any European news will likely be in the form of more agreements.

The only news of value is anything related to IM3NY.