Sweden's Northvolt teams up with BMW, Umicore for electric car batteries
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STOCKHOLM (Reuters) - Northvolt, which is building Europe's largest battery factory in Sweden, has joined forces with German luxury carmaker BMW and Belgium's Umicore to develop a process for electric car batteries to be recycled.BMW had a funding investment of undisclosed size in the venture, the Swedish startup, which plans to build a factory in Sweden to produce 32 gigawatt hours (GWh) of battery capacity a year by 2023, said in a statement on Monday. The partnership could indicate that BMW..