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Battery maker, Northvolt
Northvolt lays off 1,600 workers, but it’s not the end for Europe’s battery champion
The company was planning to expand its Ett factory in northern Sweden to scale production to 30 gigawatt-hours annually. On September 9, the company also axed another CAM production site in Sweden. Without those factories,
Northvolt to axe 1,600 jobs as Europe's EV hopes stall
Northvolt plans to cut 1,600 jobs at its base in Sweden, or about a fifth of its global workforce, as Europe's biggest hope in the electric vehicle battery market struggles with production problems, sluggish demand and competition from China.
Another blow for electric vehicle drive as battery startup Northvolt lays off 1,600 workers
Swedish battery maker Northvolt said on Monday it was cutting a fifth of its workforce and scaling back expansion plans in response to "headwinds."
9h
Northvolt Hires Advisory Firm Teneo to Tackle Cash Crunch
Sweden’s Northvolt AB has hired consulting firm Teneo for restructuring advice, including contingency planning should the ...
Burnaby Now
8h
Quebec premier under pressure over $7-billion Northvolt battery plant
The heat is rising for Quebec Premier François Legault as opposition parties demand more answers about his government's ...
The Asset
3h
Northvolt scales back battery ambitions
Swedish battery maker Northvolt is scaling back its growth plans, a move that analysts view as a blow to the ambitious plans ...
Just Auto on MSN
1d
Northvolt restructures in Sweden
EV battery firm
Northvolt
has outlined a review of operations in Sweden which will result in the loss of 1,600 jobs. The ...
1h
Quebec premier under pressure over $7B Northvolt battery plant
Opposition leaders at the Quebec legislature on Tuesday called on the government to be more transparent about its agreement ...
The Local
1d
Northvolt to slash almost a quarter of its workforce
The
Northvolt
Ett project in Skellefteå. Previous plans to expand development at this site have now been scrapped. Photo: ...
23h
Northvolt set to axe one in five jobs amid falling demand for its batteries as electric car sales stall
In yet another blow to the industry, Northvolt said it would cut 1,600 jobs in Sweden, a quarter of its workforce in its home ...
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Sweden
battery
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