Sweden’s Northvolt to Cut 20% of Staff Amid Liquidity Crunch
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 to Pause Some Production, Cut Staff
Swedish battery maker Northvolt is pausing part of the production at its flagship factory and cutting the workforce to cope with a drop in electric vehicle demand.
Northvolt Might Slow Battery Projects Due to EV Slump
Northvolt AB may slow its battery projects, the latest in a line of industry reassessments after the transition to electric cars cooled.
Scania Ramps Up E-Truck Output
Swedish truck maker Scania is ramping up production of electric rigs now that previously delayed batteries from Northvolt AB have begun arriving in greater numbers at its factory in Sodertalje.
Northvolt Plans a Third Battery Materials Factory in Sweden
Northvolt AB plans to convert a closed paper mill in Sweden into a new battery materials factory, adding a third production facility in the Nordic country to supply demand fueled by the growing electrification of transport.