Northvolt Hires Advisory Firm Teneo to Tackle Cash Crunch
Sweden’s Northvolt AB has hired consulting firm Teneo for restructuring advice, including contingency planning should the ...
E&E5h
Europe’s battery champion slashes jobs as EV sales slow
Swedish battery company Northvolt announced Monday it is cutting 25 percent of its workforce in Sweden, or 1,600 people, as slowing electric vehicle sales cut demand.
The Globe and Mail1d
Quebec says Northvolt battery project will go ahead as company cuts 20% of global staff
Sweden’s Northvolt AB is cutting a fifth of its global work force as it reins in expansion plans in the face of a downturn in demand for electrical-vehicle batteries, raising new questions about the ...
Bloomberg L.P.4d
Northvolt Hits New Battery Milestone Even as Cash Woes Mount
Northvolt AB has hit a new high for the production of lithium-ion battery cells at its main plant in Sweden, even as the company scales back some operations to address a financing crunch. The ...
Swedish gigafactory Northvolt to cut 1,600 jobs after BMW cancels $2.2 billion contract; "We now need to focus ...," CEO tells employees
Northvolt, a leading European battery manufacturer, will lay off 1,600 employees in Sweden following the cancellation of a ...