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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.
9h
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 ...
1h
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.
10h
on MSN
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 ...
IJR
23h
Automakers Hit Reverse On Idealistic Electric Vehicle Targets Despite Billions In Biden-Harris Subsidies
Automakers have continued to backpedal on electric vehicle (EV) targets over the last year as a slackening of consumer demand ...
1d
1 No-Brainer Electric Vehicle (EV) Stock to Buy With $200 Right Now
And demand for EVs continues to grow despite a reduction in forecasts. Over the next five years, domestic EV sales are now ...
TMCnet
5h
Amprius Secures Over $20 Million in Contracts for Light Electric Vehicle Applications
The LEV market is expected to grow rapidly, reaching an estimated $205.7 billion by 2032, with a compound annual growth rate ...
8d
The Auto Industry Finally Has a Plan to Stop Electric Vehicle Fires
EVs can burn for days, firefighters have little or no training to deal with them, and conventional equipment isn’t effective.
11d
on MSN
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.
3d
The role of government in the electric vehicle revolution – what is Norway doing right?
Whether it’s through generous tax breaks or zero-emission mandates, government incentives are driving the transition to ...
1d
‘Charging to charge’: City of Winter Park to implement Electric Vehicle connection rates
Park Police Department will also start issuing citations to enforce certain restrictions on the use of EV charging station ...
Henrico Citizen
4h
In Virginia, 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 ...
9h
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 ...
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