FEOC
All Manufacturers

Northvolt

Clean
🌍 SwedenStockholm, SwedenBattery Cells & StoragePrivate (venture-backed)

Last verified: 2026-04-22

Risk Summary
Country RiskLowHQ in Sweden (allied nation)
Entity List ExposureLowNot on any lists
Ownership RiskLowPrivate (venture-backed)
Domestic AlternativeLow19 allied/US options available

Entity List Screening

ListAgencyStatusYear
BIS Entity ListBureau of Industry and SecurityNot Listed2026
OFAC SDN ListOffice of Foreign Assets ControlNot Listed2026
DOD Section 1260HDepartment of DefenseNot Listed2026
UFLPA Entity ListCustoms and Border ProtectionNot Listed2026
SEC DisclosuresSecurities and Exchange CommissionNot Listed2026
IRS FEOC GuidanceInternal Revenue ServiceNot Listed2026

Ownership Structure

Public investors including Goldman Sachs, Volkswagen, BMW. Founded by Peter Carlsson (ex-Tesla).
🌍 SwedenIndividual / Shareholder
Northvolt
🌍 SwedenManufacturer

Source: SEC filings, stock exchange disclosures, corporate registry data. Ownership percentages reflect most recent available disclosure.

Compliance Assessment

Swedish-headquartered allied nation company. European manufacturing. No FEOC ownership links.

Key Factors

  • Headquartered in Sweden, an allied nation
  • Ownership: Private (venture-backed)
  • No current US domestic manufacturing operations
  • Not listed on any federal entity lists
  • European battery champion. Clean FEOC status but financial difficulties and restructuring in 2024 may affect expansion plans.

Products & Equipment

NMC battery cellsSodium-ion batteries (development)Battery recyclingESS batteries

Planned US gigafactory (site selection ongoing). Primary manufacturing in Skelleftea, Sweden. Filed for restructuring in late 2024.

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Data Sources

  • BIS Consolidated Screening List
  • Company disclosures
  • News reports

This information is for reference only and does not constitute legal advice. Compliance determinations should be verified with qualified legal counsel. Entity list data is sourced from publicly available federal databases and may not reflect the most recent updates.