Northvolt lays off 1,600 workers, but it’s not the end for Europe’s ...
WEB5 days ago · Northvolt, Europe’s attempt at building a competitor to Asia’s battery manufacturing powerhouses, announced on Monday that it had halted work on a factory expansion and laid off 1,600 employees,...
Northvolt Reacts To Changes In Demand For Batteries
WEB6 days ago · 2024 has not been kind to Northvolt, the Swedish battery-maker co-founded by Peter Carlsson, who previously worked on battery technology at Tesla. The problems have led BMW to rethink its $2...
Northvolt to cut more than 20% of jobs in battle for survival
WEB6 days ago · Northvolt will cut more than one in five jobs and suspend the expansion of its main gigafactory as Europe’s leading battery maker fights for survival.
Swedish PM rules out government rescue of troubled Northvolt
WEBSep 16, 2024 · Sweden’s government has ruled out a financial rescue of Northvolt as the country’s green battery start-up fights for survival.
Northvolt announces outcomes from its strategic review
WEBSep 9, 2024 · In line with its focus on large-scale cell manufacturing, Northvolt remains committed to NOVO (Sweden), Northvolt Drei (Germany), and Northvolt Six (Canada), and is in close dialogue with the key stakeholders involved.
News - Northvolt
WEBAug 20, 2024 · News | Northvolt. 9 September, 2024. Northvolt announces initial outcomes from its strategic review. In streamlining operations, Northvolt will initially focus on large-scale cell manufacturing whilst reducing costs and exploring future strategic partnerships for the purpose of securing its position in …
Swedish battery maker Northvolt mulls job cuts as it seeks to save ...
WEBSTOCKHOLM, Sept 9 (Reuters) - Battery maker Northvolt said on Monday it would suspend cathode active material production at its gigafactory in Sweden and cut costs under a plan that could lead to...
Northvolt to cut jobs and sell off unit to survive EV chill
WEBSep 9, 2024 · Northvolt will cut a large number of jobs and sell or seek partners for its energy storage and materials businesses as Europe’s leading battery hope aims to survive by refocusing on its ...
Northvolt raises $5 billion for circular gigafactory
WEBJan 16, 2024 · Stockholm, Sweden – Northvolt today announced the signing of a $5 billion non-recourse project financing to enable the expansion of Northvolt Ett in northern Sweden. The deal represents the largest green loan raised in Europe to date.
Battery giant Northvolt to lay off staff in huge cost-cutting drive ...
WEBSep 9, 2024 · Northvolt, a key battery producer for Europe's electric vehicle industry, announced Monday that it plans to cut jobs, shut down one of its sites, and enter into discussions with partners and...