As the battery maker faces a crushing liquidity crunch, the company’s creditors will meet on Sept.27 to decide on freeing up ...

Northvolt has revised expansion plans for its gigafactory in Sweden and is slowing down development plans, with the loss of ...

Europe's homegrown lithium battery sector is grappling with widening losses as electric vehicle (EV) demand slows and ...

Northvolt AB was supposed to power Europe’s response to the likes of Tesla Inc. and China’s fast-growing electric vehicle ...

The aim was for Northvolt to become a vertically integrated European battery giant, quickly. With capital-intensive ...

Northvolt announced 1,600 job losses on Monday, triggering crisis talks. The Swedish government has reportedly established a ...

Sweden’s Northvolt is scaling back plans after years of rapid expansion and will enact major job cuts. Here’s what’s going on ...

Europe’s attempt at building a battery manufacturing powerhouse announced that it had halted work on a factory expansion and ...

Sweden’s Northvolt AB has hired consulting firm Teneo for restructuring advice, including contingency planning should the ...

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.

Northvolt is working with unions and external partners to assist affected employees, including offering help with job searches and relocation.

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.