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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.
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
16h
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 ...
The Daily Signal
4h
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 ...
15h
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 ...
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 ...
IJR
1d
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 ...
The San Bernardino Sun
3h
Hopes of turning Riverside County into electric vehicle-making hub dashed by veto
The bill, which passed the Assembly 75-0 and the state Senate 33-4 in late August, sought to take advantage of upcoming state ...
1d
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 ...
5d
on MSN
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 ...
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 ...
Colorado Public Radio
1d
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 ...
2h
Car loans rise amid electric vehicle boost
The take-up volume of UOB’s green car loans – these refer to borrowing for an EV – also doubled year on year, she added. OCBC ...
NBC New York
1d
GM's EV sales momentum is finally building as new vehicle lineup fills out
While GM has withdrawn most of its previously announced
electric
vehicle
targets, the automaker believes its EV sales ...
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