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.
The Daily Signal18m
Congress Takes Big Step Toward Dismantling Biden-Harris Admin’s Electric Vehicle Mandate
DAILY CALLER NEWS FOUNDATION —The House passed a bill Friday that would overturn the Biden-Harris administration’s de facto ...
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 ...
NBC 7 San Diego20h
GM's EV sales momentum is finally building as new vehicle lineup fills out
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1 Magnificent Electric Vehicle (EV) Stock Down 45.8% to Buy and Hold Forever
Right now, Rivian has only two luxury models: the R1T and the R1S. They have garnered plenty of fanfare, with Consumer ...
Treasury rule would expand tax credits for installing electric vehicle chargers
The Biden administration is moving to clarify how homeowners and businesses can receive lucrative tax credits for installing ...
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.
Colorado Public Radio1d
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 ...
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 ...
In Va., electric vehicle infrastructure development is underway. Incentives could spur growth.
This is part three of a five-part series about Virginia’s transition to electric vehicles that examines the government’s role ...