News European battery champion Northvolt files for bankruptcy EV battery maker Northvolt has filed for bankruptcy in Sweden after making an “exhaustive effort” to secure a viable future. The company said in a statement that it had faced…
Companies Northvolt to make cuts and layoffs but ‘remains committed’ to gigafactory projects Swedish battery-maker Northvolt has announced the results of a strategic review into its business. The initial outcome is a decision to “streamline” its operations by resolving production problems at its…
News Northvolt may postpone $5bn Quebec battery plant by up to 18 months The construction of a US$5.2bn EV battery plant in Montreal could take up to a year-and-a-half longer than planned, Canadian broadcaster CBC reports. The factory was being developed on the…
News Production problems may prompt review of Northvolt’s €12.6bn gigafactories Northvolt, the Swedish company that was shaping up to be Europe’s champion in the lithium-ion battery sector, is reconsidering its expansion plans following production problems at its factory in the…