Another blow for electric vehicle drive as battery startup Northvolt lays off 1,600 workers
Swedish battery maker Northvolt said on Monday it was cutting a fifth of its workforce and scaling back expansion plans in response to "headwinds."
Northvolt to axe 1,600 jobs as Europe's EV hopes stall
Northvolt plans to cut 1,600 jobs at its base in Sweden, or about a fifth of its global workforce, as Europe's biggest hope in the electric vehicle battery market struggles with production problems, sluggish demand and competition from China.
Northvolt to Cut 1,600 Jobs in Sweden -- Update
STOCKHOLM--Troubled battery maker Northvolt will cut 1,600 jobs in Sweden, around 20% of its global workforce, confirming comments from earlier this month that job losses were expected following a period of aggressive expansion and as the global electric-vehicle market cools.
Sweden’s Northvolt to Cut 20% of Staff Amid Financing Crunch
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 electric-vehicle demand slows.
Battery maker Northvolt to cut 1,600 jobs in Sweden
STOCKHOLM (Reuters) -Swedish battery maker Northvolt plans to lay off 1,600 employees in Sweden, or around one fifth of its global workforce, as slower than expected demand for electric vehicles takes a heavy toll on the auto industry.
Northvolt announces 1,600 layoffs in Sweden, insists Quebec EV battery plant won't be affected
Swedish electric vehicle battery manufacturer Northvolt says construction of a $7-billion plant on Montreal's South Shore will proceed as planned, despite announcing on Monday its intention to lay off 1,
Battery giant Northvolt to cut 25% of workforce in Sweden as part of a major cost-cutting drive
Battery maker Northvolt on Monday announced plans to cut a total of 1,600 jobs in Sweden as part of a major cost-cutting drive.
Siemens to Carve Out eMobility Electric Vehicle Charging Unit
Siemens said it would separate its electric vehicle charging unit to create an independent business that is more agile and ...
GM’s EV sales momentum is finally building as new vehicle lineup fills out
EV sales data provided from General Motors, which publicly reports sales quarterly, shows a notable increase through August.
2025 Polestar 3 Review: Speedy Electric SUV has Porsche in Its Sights
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3 Electric Vehicle (EV) Stocks That Could Go Parabolic
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1 No-Brainer Electric Vehicle (EV) Stock to Buy With $200 Right Now
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Here's why it's a good time to lease an electric vehicle
Average monthly lease payments on EVs are $578, but even better deals can be found. They won't last forever, though.
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Electric vehicle battery plan in Thornton gets $50 million federal grant to boost supply chain, add Colorado jobs
A manufacturer of electric vehicle batteries in Thornton is getting a $50 million grant as part of a larger Department of ...
Treasury rule would expand tax credits for installing electric vehicle chargers
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Electric Vehicle Infrastructures Market to Reach $270.5 Billion, Globally, by 2033 at 27.6% CAGR: Allied Market Research
The electric vehicle (EV) infrastructure market has experienced robust growth as the global transition towards cleaner ...
Feds announce $355M for 4 electric vehicle battery projects in Michigan
Four projects will receive a combined $355 million in funding from the U.S. Department of Energy, officials announced Friday.
As electric vehicle ownership is rising, California emissions are dropping, officials say
A new report has revealed that California greenhouse gas emissions dropped more than 2% in 2022, coinciding with a rise in ...
Should I Get a Hybrid or Go Full Electric?
A plug-in hybrid produces twice the greenhouse gas emissions of a fully electric vehicle over its lifetime, according to ...