Northvolt has revealed it planned to build a lithium-ion battery plant in Heide in northern Germany.
The planned plant will have an annual capacity of 60 gigawatt hours (GWh).
Northvolt had signed a memorandum of understanding with Schleswig-Holstein state and the Heide region for the development of the factory
Northvolt expects the plant to produce its first batteries in late 2025.
Northvolt’s first factory, in the northern Swedish town of Skelleftea, assembled its first battery cell in December.
The second, a joint venture with Volvo Cars, will be located in Gothenburg in western Sweden.
Northvolt had said it expected to build at least two more plants in Europe over the coming decade, and that it was looking at locating the next one in Germany.
Northvolt has to date secured more than $50 billion worth of contracts from customers including BMW , Scania, Volkswagen, Volvo Cars and Polestar.