Northvolt lays off 1,600 workers, but it’s not the end for Europe’s ...
WEB3 days ago · Northvolt, Europe’s attempt at building a competitor to Asia’s battery manufacturing powerhouses, announced on Monday that it had halted work on a factory expansion and laid off 1,600 employees,...
Battery giant Northvolt to cut 25% of workforce in Sweden as …
WEB4 days ago · Battery maker Northvolt on Monday announced plans to cut a total of 1,600 jobs in Sweden as part of a major cost-cutting drive.
Northvolt outlines revised scope of operations in Sweden
WEB4 days ago · Following initial steps taken as part of its strategic review, Northvolt today outlines a revised scope of operations in Sweden to ensure that its resources are focused on accelerating production in large-scale cell manufacturing at Northvolt Ett.
Northvolt Goes From Europe’s Battery Hope to Symbol of EV Bust
WEB1 day ago · Northvolt AB was supposed to power Europe’s response to the likes of Tesla Inc. and China’s fast-growing electric vehicle makers. Instead, the Swedish battery company is fighting to stay afloat.
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.
Swedish battery maker Northvolt to slash 1,600 jobs, quarter of staff
WEB4 days 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.
Swedish battery maker Northvolt mulls job cuts as it seeks to save ...
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...
Europe’s great battery hope Northvolt fights for survival
WEBSep 19, 2024 · Northvolt has halted a plan to build a factory in Sweden producing cathodes, a key battery component, and put its energy storage solutions plant in Poland up for sale.
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.
Sweden's Northvolt wants to rival China's battery dominance to …
WEBJul 1, 2023 · Northvolt's CEO says the key driver behind the startup is to make Europe self-efficient and less reliant on China for supplies.
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