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Sweden’s Northvolt is scaling back plans after years of rapid expansion and will enact major job cuts. Here’s what’s going on ...

Europe’s attempt at building a battery manufacturing powerhouse announced that it had halted work on a factory expansion and ...

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Sweden’s Northvolt AB has hired consulting firm Teneo for restructuring advice, including contingency planning should the ...

Swedish battery company Northvolt announced Monday it is cutting 25 percent of its workforce in Sweden, or 1,600 people, as slowing electric vehicle sales cut demand.

Northvolt is working with unions and external partners to assist affected employees, including offering help with job searches and relocation.

Sweden’s Northvolt AB will shed 20% of its global workforce and pause its expansion plans to slow cash outflows as the battery-making firm confronts a burgeoning financial squeeze.