Monday, 23 September 2024

Focus on Northvolt AB

FILE PHOTO: General view outside the Northvolt facility in Vasteras, Sweden, September 29, 2021. Picture taken September 29, 2021. REUTERS/Helena Soderpalm./File Photo
BusinessCritical MineralsElectric VehiclesLabourManufacturingNews

Northvolt to axe 1,600 jobs as Europe’s EV hopes stall

Northvolt cuts 1,600 jobs and suspends expansion as it faces production issues, slow EV demand, and competition from China.

FILE PHOTO: Employees work at the Northvolt facility in Vasteras, Sweden, September 29, 2021. REUTERS/Helena Soderpalm/File Photo
AnalysisElectric VehiclesPoliticsStorage

Struggling Northvolt stokes fear for Europe’s battery future

Northvolt's decision to cut jobs and scale back operations raises doubts about Europe's bid for a leading EV battery maker.

Northvolt's announcement comes as sales of electric cars are slumping in Europe (AFP)
BusinessCritical MineralsElectric VehiclesManufacturingNews

Battery maker Northvolt to cut jobs, slash operations

Northvolt is scaling back operations and cutting jobs to focus on its main gigafactory, citing financial struggles amid a challenging market.

AnalysisCritical MineralsIndigenousOpinionPolitics

Is Canada’s critical-minerals strategy a green shift or greenwashing?

Policy Options: Indigenous and remote communities will bear the long-lasting ecological, social and cultural impacts of mining. This cannot be ignored.

Reinforcing steel bars are stacked at the construction site for the gigafactory of Swedish lithium-ion battery maker Northvolt in Lohe-Rickelshof near Heide, Germany, March 25, 2024.   REUTERS/Swantje Stein/File Photo
BusinessElectric VehiclesNews

Battery maker Northvolt to shift R&D from California to Sweden

Consolidation of Northvolt's research will shift from California to Swedish hub amid strategic review.

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