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EV battery maker Northvolt files for bankruptcy in Sweden

"Like many companies in the battery sector, Northvolt has experienced a series of compounding challenges in recent months that eroded its financial position, including rising capital costs, geopolitical instability, subsequent supply chain disruptions, and shifts in market demand", stated the Swedi...

Scania to acquire Northvolt’s industrial battery pack division

On February 18th, Northvolt actually released an official statement in which the battery maker did not mention Scania as the counterpart of the agreement. Later on, the deal has been confirmed by the Swedish truckmaker to Reuters. It marks another step in Northvolt’s restructuring efforts as it seek...

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batteries

Volkswagen opens modern lab for battery cells in Germany

By 2030, the Volkswagen Group plans to operate six cell factories in Europe together with partners with a production capacity of 240 GWh. Prospectively, cells with an annual capacity of 40 GWh will be produced in Salzgitter. The new unified cell is expected to unlock synergies and reduce battery cos...

Li-Cycle will open its fourth battery recycle plant in Alabama

According to Li-Cycle, the southeastern United States is emerging as a critical region for the lithium-ion battery supply chain, as battery manufacturers and automotive OEMs establish operations in the region, which will lead to the generation of significant quantities of battery manufacturing scrap...

Microvast goes public. Battery manufacturer to list on Nasdaq

Microvast commenced trading on the Nasdaq under the ticker ‘MVST’. The company has completed the business combination with Tuscan Holdings, resulting in the new name ‘Microvast Holdings, Inc’. Founded in Houston in 2006, Microvast develops disruptive battery technologies designed specifically for co...
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