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The Latest Breaking News from Northvolt

CATL And Stellantis To Build Battery Factory In Spain

CATL and Stellantis to invest 4.1 billion euros in a battery factory in Spain for electric vehicles, leveraging renewable energy sources. EU's green transi...

Top News

The Battery Crisis Taking Europe's EV Sector By Storm

I feel like a broken record at this point, but the electric vehicle race isn't just about cars. It's about who controls the battery supply chain, and thus one of the most crucial energy technologies of tomorrow. As is the case in the U.S., Europe is trying to break free…

InsideEVs

Another major auto parts brand files for Chapter 11 bankruptcy

Auto parts company for carmakers, such as BMW, Audi, Porsche, and Volvo, files for Chapter 11 bankruptcy.

The Street

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Northvolt CEO resigns after EV battery maker files for bankruptcy protection

Peter Carlsson says $1bn to $1.2bn needed to restore business touted as potential European rival to Asian firms

The Guardian - UK

Northvolt, Hailed As Europe’s Future EV Battery Champion, Files For Bankruptcy

Swedish-based Northvolt, which was seen as one of Europe’s best shots at fighting off China’s electric vehicle battery supremacy, filed for bankruptcy yesterday. The company said in its Chapter 11 petition filed in the United States Bankruptcy Court for the Southern District of Texas that its “liquidity picture has become…

InsideEVs

Volvo Cars to buy out Northvolt from jointly owned gigafactory in Sweden

Plans are further blow to Europe’s hopes of creating a homegrown electric car battery

The Guardian - UK

Mystery deaths and mass layoffs: Europe’s green battery dream Northvolt turns sour

Northvolt was a shiny new startup with a pretty logo that promised to “make oil history” by making the cleanest electric car battery the world had ever seen. The Swedish company founded in 2016 was seen as a huge driver for Europe’s dream to become carbon neutral, and would drastically…

France 24

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‘Huge losses’: Sweden fears for future of batterymaker Northvolt

Government rules out bailout for key project in European green industrial transition as job cuts announced

The Guardian - UK

Stellantis CEO's Answer To EV Tariffs: Just Be More Like China

Stellantis wants to catch up with the burgeoning EV industry by adopting a low-cost mindset as Chinese carmakers.

InsideEVs

Swedish Battery Maker Northvolt To Slash 1,600 Jobs, Quarter Of Staff

Sweden's beleaguered electric car battery maker Northvolt said Monday it would cut a quarter of its staff in the country, as it struggles with strained finances and a slowdown in demand.

International Business Times

Batterymaker Northvolt to cut 1,600 jobs amid electric car ‘headwinds’

Move comes after weeks of uncertainty over reports of financial problems as green vehicle sector struggles

The Guardian - UK

Battery Maker Northvolt To Cut Jobs, Slash Operations

Beleaguered Swedish electric car battery maker Northvolt said Monday it would cut its workforce as it scales back operations to focus on its main gigafactory in Sweden.

International Business Times

After a slew of setbacks, Swedish EV champion Northvolt is winding down part of its U.S. operations as it reevaluates its business

Northvolt is a pioneer in its own right. But delays and limping EV demand, have hurt its business.

Fortune

Fisker Headed For Liquidation, Not Rescue And Rebirth

Fisker's remaining 4,300 cars could head to a "single buyer," but what happens to owners? Plus, Hyundai launches Amazon sales and BMW cancels a deal with Northvolt.

InsideEVs

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Northvolt CEO: EV Development Decline Temporary, Trend Continues

Northvolt's CEO addresses challenges in EV development, emphasizing commitment to innovation and sustainability.

The Guardian - US

‘Ecocidal disgrace’: activists sabotage Quebec battery factory site in protest

Northvolt, a Swedish battery maker, has planned a ‘gigafactory’ in the region, which protesters have called an ‘ecocidal disgrace’

International Business Times UK

EU To Give £3.4 Billion State Aid to Battery and Green Tech Factories

These investments are integral to the EU's overarching mission to achieve climate neutrality with net-zero gas emissions by 2050.

The Guardian - UK

EU announces €4bn state aid to back battery and green tech factories

Support aims to stop production being lured overseas with promise of bigger foreign subsidies

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International Business Times

EU Approves 900-mn-euro German Aid For Battery Plant

The EU approved Monday a 900-million-euro German state subsidy for electric vehicle battery firm Northvolt to build a plant in Germany that might have otherwise been lured to the United States.

The Guardian - UK

‘Breakthrough battery’ from Sweden may cut dependency on China

Northvolt says new lithium-free sodium-ion battery is cheaper, more sustainable and doesn’t rely on scarce raw materials

InsideEVs

Northvolt Will Build A 60 GWh Battery Gigafactory In Canada

Swedish battery start-up Northvolt announced that will establish a fully integrated lithium-ion battery gigafactory in Canada.

WEKU

Sweden's Northvolt wants to rival China's battery dominance to power electric cars

Northvolt's CEO says the key driver behind the startup is to make Europe self-efficient and less reliant on China for supplies.

AFP

Europe charges up car battery drive with new plants

Frankfurt (Germany) (AFP) - Europe's efforts to build up its battery-making capacity got a major boost Friday as Sweden's Northvolt and Taiwan's ProLogium announced projects to build factories in Germany and France.

AFP

US climate subsidies unsettle Europe's green industry plans

Heide (Germany) (AFP) - An empty field near Heide in a corner of Germany known more for its cabbage farming is the chosen site for a huge battery factory and potential pillar of the country's future green economy.

Fortune

We are tech founders and investors who pivoted to (profitable) impact investing. Now we’re sharing the secret to our success–and encouraging others to copy it

The negative effects of the tech boom are becoming clear in hindsight-but it doesn't have to be this way.

1 2

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