Europe, Northvolt
How Europe’s battery hope has become a symbol of the EV bust
Swedish battery company Northvolt AB, once a key player in Europe's green economy push, is facing severe financial challenges. The situation casts doubt on Europe's efforts to compete with Chinese battery makers.
Northvolt to axe 1,600 jobs as Europe's EV hopes stall
Northvolt plans to cut 1,600 jobs at its base in Sweden, or about a fifth of its global workforce, as Europe's biggest hope in the electric vehicle battery market struggles with production problems, sluggish demand and competition from China.
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 funds critical to its survival.
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. © 2024 TechCrunch. All rights reserved.
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 ...
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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 ...
Northvolt Lenders to Convene as EV Battery Maker Hangs by Thread
A group of Northvolt AB lenders is set to meet on Friday to consider whether to extend a lifeline to the cash-strapped maker ...
Swingeing tariffs on Chinese EV makers threaten to wipe out Europe’s legacy companies
Few industries are as susceptible to the shifting sands of international policy on trade and protectionism as the automotive ...
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Kia’s EV charging service now has access to over 800,000 chargers across Europe
Kia continues to make it easier for EV drivers to charge. Its EV charging service, Kia Charge, now has over 800,000 charging ...
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 ...
EV sales remain healthy despite online doom and gloom
The rapid growth of BEV sales in the US was, until recently, mostly a tale about Tesla. During the pandemic it flourished, as ...
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DAVID BLACKMON: Europe’s EV Market Collapse Provides A Lesson For UAW Leadership
It is an ill-kept secret of American politics that most of the big labor unions in the country have long been client ...
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Stellantis, French nuclear fuel firm Orano drop JV to recycle EV batteries
The venture would have recycled EV batteries to extract raw materiel for use in new cells. No reason was giving for ending ...
Volvo’s head of sustainability on why the brand tweaked its ‘EV or bust’ strategy
“We reduced the ambitions we had set to go 100 percent electric by 2030,” Vanessa Butani, head of global sustainability at ...