Sweden’s Northvolt AB will shed 20% of its global workforce and pause its expansion plans to slow cash outflows as the battery-making firm confronts a burgeoning financial squeeze.

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.

Sweden's Northvolt on Wednesday said the head of its main plant, Europe's first homegrown gigafactory for lithium-ion battery cells, will step down with immediate effect.

In Skellefteå, Sweden, the development of Northvolt Ett expansion project will be suspended. The construction project was intended to provide an additional 30 GWh of annual cell manufacturing ...

Sweden’s Northvolt Files For Bankruptcy After Canceled Battery Orders Northvolt has just $30 million in cash and $5.84 billion in debt, but says it can emerge from restructuring in Q1 2025 ...

STOCKHOLM (Reuters) - The bankruptcy of battery cell maker Northvolt, once the leader of Sweden's green industrial boom, is a huge blow to the country's north and particularly the small town of ...

USS Mount Whitney arrives in Stockholm, Indian buyer reportedly interested in Northvolt factory, and Sweden lists the elk as ...

This week, the Northvolt unit managing the expansion of its main battery-cell factory in northern Sweden filed for bankruptcy, saddling suppliers with about 606 million Swedish kronor ($58.3 ...

Northvolt AB has filed for bankruptcy in Sweden. What will happen to Northvolt North America's massive EV battery plant project in Canada?

Sweden's Northvolt on Wednesday said the head of its main plant, Europe's first homegrown gigafactory for lithium-ion battery cells, will step down with immediate effect. It comes shortly after ...

Sweden's Northvolt on Wednesday said the head of its main plant, Europe's first homegrown gigafactory for lithium-ion battery cells, will step down with immediate effect. It comes shortly after ...