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.

Northvolt said that following initial steps taken as part of a strategic review, the company had revised its scope of operations in Sweden "to ensure that its resources are focused on accelerating ...

Northvolt, the Swedish maker of battery cells for electric vehicles, said on Thursday it has filed for Chapter 11 bankruptcy protection in the U.S., dealing a blow to Europe's hopes that its most ...

Northvolt plans on a 4,000-strong workforce at its Skelleftea plant. It's also expanding into another part of Sweden, as well as Poland and Norway. The United States is also a possibility.

WARSAW (Reuters) -Silicon Valley startup Lyten will take full ownership of Northvolt Dwa ESS, Europe’s largest energy storage ...

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 ...

Lithium-ion battery maker Northvolt has raised $2.75 billion in equity to expand capacity at the factory it is building in northern Sweden to meet increasing demand for electric cars.

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 ...

Northvolt battery plant in Skelleftea, Sweden. SKELLEFTEA, Sweden — The far north of Sweden is the land of the midnight sun, where it's daylight 24 hours a day at this time of year.

SKELLEFTEA, Sweden — The far north of Sweden is the land of the midnight sun, where it's daylight 24 hours a day at this time of year. Thick forests blanket the land and fast rivers produce ...