VW backs Northvolt's ramp-up as battery maker cuts costs
Northvolt is shrinking its operations and cutting jobs, sparking fears that Europe's best shot at a home-grown electric vehicle battery champion to compete with Chinese companies may stall.
Sweden will not take stake in Northvolt, prime minister says
The Swedish state will not take a stake in battery maker Northvolt and the company's future must be determined by its private owners, Prime Minister Ulf Kristersson told a press conference on Monday.
Sweden Has No Plans To Rescue Struggling Northvolt: PM
Sweden has no plans to rescue financially-strained electric car battery maker Northvolt, hit by slumping EV sales in Europe and stiff Chinese competition, Prime Minister Ulf Kristersson said Monday.
Sweden Declines Stake in Battery Maker Northvolt Amidst Operation Cuts
The Swedish state will not take a stake in Northvolt, a leading battery maker, as confirmed by Prime Minister Ulf Kristersson. Northvolt recently announced it would scale back operations and lay off employees,
Battery maker Northvolt to cut costs, explore partnerships
STOCKHOLM (Reuters) -Swedish battery maker Northvolt said on Monday it would cut costs and look for strategic partners while focusing on its large-scale cell manufacturing as the company seeks to curb its rapid expansion.
Swedish PM rules out government rescue of troubled Northvolt
Battery start-up struggles to gain backing for latest fundraising amid Europe’s slowing take-up of electric vehicles
Sweden will not take stake in battery maker Northvolt, PM Ulf Kristersson says
The Swedish Prime Minister told a news conference on Monday that the company’s future must be determined by its private owners
Europe’s great battery hope Northvolt fights for survival
The stakes are high, and not just for Northvolt. The European Commission made the battery sector one of its industrial ...
Scania CEO says committed to Northvolt despite cutbacks, delivery issues
Scania owner Traton is committed to using Sweden's Northvolt as the truckmaker's single battery supplier despite recent ...
Battery giant Northvolt to lay off staff in huge cost-cutting drive amid EV market slowdown
Swedish battery maker Northvolt announced Monday that it plans to cut jobs and close down some facilities in Europe and the U ...
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Northvolt to make cuts and layoffs but ‘remains committed’ to gigafactory projects
As previously reported (see further reading), Northvolt will delay plans to build three more gigafactories: Novo, near ...
Battery Maker Northvolt to Cut Costs as E.V. Demand Slumps in Europe
The Swedish battery manufacturer said it would eliminate jobs and seek partnerships as it grappled with competition from ...
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Northvolt announces initial outcomes from its strategic review
Northvolt announced its initial steps to be taken as part of its strategic review. These measures reflect a challenging ...
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VW Backs Northvolt’s Ramp-Up as Battery Maker Cuts Costs
Volkswagen AG said it remains a supporter of Northvolt AB’s ramp-up following reports that the German automaker is undecided on financing the battery producer in the near future. “We are in ...
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Quebec says Northvolt could lose energy block if project is delayed too long
QUEBEC — The Legault government is threatening to withdraw Northvolt’s energy allocation after a certain period of time if ...