The Economist21h
Northvolt announces more cuts, worrying investors
Even big battery-makers like South Korea’s SK On and LG Energy Solution are facing thinner margins. Northvolt lost $1.2bn ...
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 ...
Battery giant Northvolt to cut 25% of workforce in Sweden as part of a major cost-cutting drive
Battery maker Northvolt on Monday announced plans to cut a total of 1,600 jobs in Sweden as part of a major cost-cutting ...
Digi Times15h
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 ...
The Asset2d
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 ...
Bloomberg L.P.6d
Northvolt Hits New Battery Milestone Even as Cash Woes Mount
Northvolt AB has hit a new high for the production of lithium-ion battery cells at its main plant in Sweden, even as the company scales back some operations to address a financing crunch. The ...
Automotive News9h
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 ...