Northvolt to cut 20% of global staff, placing Europe’s EV battery-making ambitions at risk --[Reported by Umva mag]

Struggling to ramp up production as demand for electric vehicles slows

Sep 23, 2024 - 16:57

Northvolt to cut 20% of global staff, placing Europe’s EV battery-making ambitions at risk --[Reported by Umva mag]

Sweden’s Northvolt AB will shed 20 per cent of its global workforce and pause its expansion plans to slow cash outflows that have left the battery-making hopeful in a financial squeeze. Read More

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