Battery Maker Northvolt to Cut Costs
Swedish battery maker Northvolt mulls job cuts as it seeks to save costs
Swedish battery maker Northvolt said on Monday it would cut costs and explore future strategic partnerships while focusing on its large-scale cell manufacturing as the company continues to scale back its rapid expansion.
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.
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.S.
Northvolt to halt some battery production, cut jobs amid EV slump
Swedish battery maker Northvolt on Monday said it will let go of workers as part of a cost-cutting effort in the face of challenges for the electric-vehicle market in Europe. The company went through a period of rapid growth before several setbacks.
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 grapples with competition from China.
Northvolt to cut staff, halt output as EV demand falls
Northvolt vowed last year to invest $5.7 billion (C$7bn) in Canada's Quebec province to set up a battery plant.
Electric car battery maker to slash jobs and scale back operations
Europe’s leading battery maker is to slash jobs and scale back its commitments as the “challenging” market for electric ...
Northvolt Lenders Line Up PJT for Advice as Cash Crunch Deepens
Lenders to Northvolt AB have selected investment bank PJT Partners to help advise on options as a cash crunch deepens at the ...
Northvolt to cut jobs, suspend operations as Europe’s EV market falters
Northvolt, a leading battery producer in Europe, announces job cuts, site closures, and discussions with investors amid a challenging EV market and economic environment. The firm aims to restructure ...
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 ...
Investing6d
Struggling Northvolt stokes fear for Europe's battery future
STOCKHOLM (Reuters) - Northvolt's shock decision this week to shrink its operations and cut jobs has sparked fears that ...
Inquirer on MSN2d
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 ...
The Financial Times4d
Swedish PM rules out government rescue of troubled Northvolt
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sweden’s government has ruled out a financial rescue of Northvolt as the country’s green battery start ...
norran9d
Northvolt has endured rough seas but there is hope
Northvolt’s recent challenges—including a demand drop, production setbacks, contract cancellations, and safety issues—have ...
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 ...