Europe, Northvolt
Northvolt Goes From Europe’s Battery Hope to Symbol of EV Bust
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.
Northvolt lays off 1,600 workers, but it’s not the end for Europe’s battery champion
Europe’s attempt at building a battery manufacturing powerhouse announced that it had halted work on a factory expansion and laid off about 20% of its employees.
How Europe’s Battery Hope Has Become a Symbol of the EV Bust
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.Most Read from BloombergNJ Transit,
Struggling Northvolt stokes fear for Europe's battery future
Northvolt's shock decision this week to shrink its operations and cut jobs has sparked fears that Europe's best shot at a home-grown electric vehicle battery champion may stall, sector experts and people familiar with the situation told Reuters.
Northvolt announces 1,600 layoffs in Sweden, insists Quebec EV battery plant won't be affected
Swedish electric vehicle battery manufacturer Northvolt says construction of a $7-billion plant on Montreal's South Shore will proceed as planned, despite announcing on Monday its intention to lay off 1,
Europe’s battery champion slashes jobs as EV sales slow
Swedish battery company Northvolt announced Monday it is cutting 25 percent of its workforce in Sweden, or 1,600 people, as slowing electric vehicle sales cut demand. The bulk of the positions are in Skellefteå,
EV sales in Europe hit a speed bump — and the US should be worried too
Registrations of new EVs in Europe fell by 44% in August from the previous year, according to the European Automobile ...
Digi Times17h
European battery makers struggle as EV demand cools and investments falter
Europe's homegrown lithium battery sector is grappling with widening losses as electric vehicle (EV) demand slows and ...
South Korean battery maker SK On to cut jobs amid challenging EV market
South Korean battery maker SK On said on Thursday it plans to introduce voluntary redundancy programmes aimed at cutting its ...
This Special Mercedes-Benz G-Wagen Is Carrying the ‘League of Legends’ Trophy Across Europe
The German luxury marque has just unveiled the custom version of the battery-powered G-Wagen that will be used to carry this ...
Is Enphase Energy, Inc. (ENPH) the Best Battery Stock to Buy According to Analysts?
We recently compiled a list of the 7 Best Battery Stocks to Buy According to Analysts. In this article, we will look at where ...
Northvolt to axe 1,600 jobs as Europe's EV hopes stall
Swedish battery maker Northvolt plans to lay off 1,600 employees in Sweden, including 1,000 positions at its Northvolt Ett ...
Woburn battery company moves headquarters to Malden
Woburn-based battery maker Alsym Energy has signed a 60,000-square-foot lease at Exchange 200, a life sciences and technology ...
Automotive News11h
How Europe's battery hope Northvolt has become a symbol of the EV bust
As the battery maker faces a crushing liquidity crunch, the company’s creditors will meet on Sept.27 to decide on freeing up ...
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Europe’s Largest Battery Manufacturer Cuts Workforce by 20 Percent
Notably, Northvolt, Europe’s largest battery manufacturer, is set to lay off 20% of its workforce, a move that underscores ...