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Northvolt Lenders Meet as Battery Maker Hangs by Thread
A group of Northvolt AB lenders were set to convene on Friday to consider whether to extend a lifeline to the cash-strapped maker of electric vehicle batteries or cut their support and risk losing billions.
Swedish battery maker Northvolt to slash 1,600 jobs, quarter of staff
Sweden's beleaguered electric car battery maker Northvolt said Monday it would cut a quarter of its staff in the country, as it struggles with strained finances and a slowdown in
Battery maker Northvolt to lay off 1,600 jobs in Sweden
Swedish battery maker Northvolt plans to lay off 1,600 employees in Sweden, or around one fifth of its global workforce, as slower than expected demand for electric vehicles takes a heavy toll on the auto industry.
The Next Web
5h
Northvolt suspected of manslaughter in latest blow to flailing battery startup
Northvolt faces a legal battle in relation to the death of one of its employees — the latest in a string of setbacks for the ...
The Economist
1d
Northvolt announces more cuts, worrying investors
Northvolt had all the trappings of an industrial champion. Capital had poured in from Wall Street titans such as Goldman ...
3d
on MSN
Northvolt lays off 1,600 workers, but it’s not the end for Europe’s battery champion
Europe’s attempt at building a battery manufacturing powerhouse announced that it had halted work on a factory expansion and ...
3d
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 ...
The Next Web
2d
TNW Podcast: The future of Northvolt, underwater Wi-Fi, and power-hungry data centres
Linnea and Andrii talk about energy use at data centres, the state of Northvolt, submarine communications, and a few things ...
4d
Another blow for electric vehicle drive as battery startup Northvolt lays off 1,600 workers
Swedish battery maker Northvolt said on Monday it was cutting a fifth of its workforce and scaling back expansion plans in ...
4d
Sweden’s Northvolt to Cut 20% of Staff Amid Liquidity Crunch
Swedish battery maker Northvolt AB will shed 20% of its headcount globally and suspend the expansion of its main factory in ...
4d
on MSN
Northvolt to axe 1,600 jobs as Europe's EV hopes stall
Northvolt plans to cut 1,600 jobs at its base in Sweden, or about a fifth of its global workforce, as Europe's biggest hope ...
Automotive News
1d
How Europe's battery hope Northvolt has become a symbol of the EV bust
As the battery maker faces a crushing liquidity crunch, the company’s creditors will meet on Sept.27 to decide on freeing up ...
The Local
6h
Employment minister warns Sweden risks losing high-skilled Northvolt workers
Sweden's government plans to work hard with the local authorities to keep the foreign high-skilled workers laid off at ...
4d
on MSN
Battery giant Northvolt to cut 25% of workforce in Sweden as part of a major cost-cutting drive
Battery maker Northvolt on Monday announced plans to cut a total of 1,600 jobs in Sweden as part of a major cost-cutting ...
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