Northvolt announces more cuts, worrying investors - The Economist
WEB21 hours ago · Northvolt lost $1.2bn last year, four times its loss in 2022. Yet Northvolt’s bigger problem is self-inflicted. As its cumulative funding in the form of debt, equity and grants swelled to $15bn ...
Swedish PM rules out government rescue of troubled Northvolt
WEBSep 16, 2024 · Sweden’s government has ruled out a financial rescue of Northvolt as the country’s green battery start-up fights for survival. Ulf Kristersson, the centre-right prime minister, said on Monday ...
Northvolt Lenders to Convene as EV Battery Maker Hangs by …
WEB5 hours ago · A group of Northvolt ABlenders is set to meet 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 ...
News - Northvolt
WEBAug 20, 2024 · Northvolt strengthens its Executive Management Team – creates new Chief Transformation Officer role and hires new talent to drive forward its long-term strategy. Pia Aaltonen-Forsell joins as Chief Finance Officer and Matthias Arleth as President Cells.
Northvolt announces outcomes from its strategic review
WEBSep 9, 2024 · In line with its focus on large-scale cell manufacturing, Northvolt remains committed to NOVO (Sweden), Northvolt Drei (Germany), and Northvolt Six (Canada), and is in close dialogue with the key stakeholders involved.
Sweden’s Northvolt to Cut 20% of Staff Amid Liquidity Crunch
WEB3 days ago · Sweden's Northvolt is leading an effort to forge a regional champion that can beat rivals from Asia. (Mikael Sjoberg/Bloomberg) (Bloomberg) -- Swedish battery maker Northvolt AB will shed 20% of its headcount globally and suspend the expansion of its main factory in Northern Sweden to stem a financing crunch as …
Northvolt Goes From Europe’s Battery Hope to Symbol of EV Bust
WEB1 day ago · Northvolt AB was supposed to power Europe’s response to the likes of Tesla Inc. and China’s fast-growing electric vehicle makers. Instead, the Swedish battery company is fighting to stay afloat.
Northvolt raises $1.2bn and Northvolt Dwa produces first ESS
WEBAug 22, 2023 · Northvolt assembles its first battery systems at Northvolt Dwa, and raises $1.2 billion to finance plans for further European and North American expansion.
Swedish battery maker Northvolt mulls job cuts as it seeks to save ...
WEBSTOCKHOLM, Sept 9 (Reuters) - Battery maker Northvolt said on Monday it would suspend cathode active material production at its gigafactory in Sweden and cut costs under a plan that could lead to...
Northvolt to cut jobs and sell off unit to survive EV chill
WEBSep 9, 2024 · Swedish battery maker has been grappling with factory problems and slowing growth in European EV take-up. Northvolt said on Monday that it would pause its cathode active material production ...