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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...

Markus Dangelmaier is the new CEO of Northvolt Ett

The manager joins Northvolt Ett "at a critical time as we continue to ramp up operations at Europe's largest battery gigafactory. Together, we are driving forward our mission to enable the future of sustainable energy with world-class battery solutions", stated the Swedish company.
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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...

Markus Dangelmaier is the new CEO of Northvolt Ett

The manager joins Northvolt Ett "at a critical time as we continue to ramp up operations at Europe's largest battery gigafactory. Together, we are driving forward our mission to enable the future of sustainable energy with world-class battery solutions", stated the Swedish company.
News

Northvolt to cut about 1,600 jobs in Sweden due to strategic review

Northvolt announced that about 1,600 jobs will be cut in Sweden alone, split across Skellefteå (1,000 positions), Västerås (400 positions) and Stockholm (200 positions). All redundancies are subject to ongoing union negotiations, as officially announced. "The decisions are necessary to adjust for cu...
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