Northvolt to cut more than 20% of jobs in battle for survival
WEB1 day ago · Northvolt will cut more than one in five jobs and suspend the expansion of its main gigafactory as Europe’s leading battery maker fights for survival. The group said on Monday that it would cut ...
Northvolt Hires Advisory Firm Teneo to Tackle Cash Crunch
WEB7 hours ago · Save. Sweden’s Northvolt ABhas hired consulting firm Teneofor restructuring advice, including contingency planning should the debt-backed battery maker fail to reach revised terms with lenders ...
Swedish battery maker Northvolt to slash 1,600 jobs, quarter ...
WEB1 day ago · Sweden's beleaguered electric car battery maker Northvolt said Monday it would cut a quarter of its staff in the country, as it struggles with strained finances and a slowdown in demand.The loss ...
Swedish PM rules out government rescue of troubled Northvolt
WEBSep 16, 2024 · Sweden’s government has ruled out a financial rescue of Northvolt as the country’s green battery start-up fights for survival. Ulf Kristersson, the centre-right prime minister, said on Monday ...
Swedish battery maker Northvolt mulls job cuts as it seeks to ...
WEBSTOCKHOLM, Sept 9 (Reuters) - Battery maker Northvolt said on Monday it would suspend cathode active material production at its gigafactory in Sweden and cut costs under a plan that could lead to...
Northvolt announces outcomes from its strategic review
WEBSep 9, 2024 · In line with its focus on large-scale cell manufacturing, Northvolt remains committed to NOVO (Sweden), Northvolt Drei (Germany), and Northvolt Six (Canada), and is in close dialogue with the key stakeholders involved.
News - Northvolt
WEBAug 20, 2024 · Northvolt strengthens its Executive Management Team – creates new Chief Transformation Officer role and hires new talent to drive forward its long-term strategy. Pia Aaltonen-Forsell joins as Chief Finance Officer and Matthias Arleth as President Cells.
Sweden's Northvolt launches strategic review after setbacks
WEBJul 2, 2024 · Swedish lithium-ion battery manufacturer Northvolt said on Tuesday it was conducting a strategic review, as it grapples with a series of setbacks.
Northvolt considers cutting back aggressive expansion plans
WEBJul 2, 2024 · Northvolt, Europe’s big hope in battery manufacturing, is considering cutting back its aggressive expansion plans after a series of problems with its first gigafactory in Sweden pushed it to...
Northvolt raises $5 billion for circular gigafactory
WEBJan 16, 2024 · Stockholm, Sweden – Northvolt today announced the signing of a $5 billion non-recourse project financing to enable the expansion of Northvolt Ett in northern Sweden. The deal represents the largest green loan raised in Europe to date.
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