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Europe, Northvolt and battery
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.
Europe’s great battery hope Northvolt fights for survival
The stakes are high, and not just for Northvolt. The European Commission made the battery sector one of its industrial priorities, crucial to supporting the all-important automotive industry as it faces up to a transition to electric vehicles that China is so far winning.
Europe’s battery champion slashes jobs amid slowing EV sales
Northvolt is the bloc's premier battery manufacturer to supply European automakers, going up against Chinese giants CATL and BYD, along with longtime manufacturers Panasonic and Samsung. But car brands are contending with slower EV sales, reducing Northvolt orders.
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,
Mining
7h
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 ...
14h
on MSN
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 Times
18h
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 ...
Dagens News (US) on MSN
2d
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 ...
19h
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 ...
E&E
2d
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.
Automotive News
12h
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 ...
3d
on MSN
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 ...
Tagtik on MSN
6d
Europe's battery sector is in trouble
Northvolt was presented as the ultimate European batteries in the face of China. Splash! The Swedish company is facing major ...
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