Industry News
Lyten Secures $200M to Expand Lithium-Sulfur Battery Ambitions Through Northvolt Asset Acquisitions
Lyten raised $200 million to buy Northvolt’s energy assets and scale lithium-sulfur battery production in Europe.
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9 published stories in this archive.
Industry News
Europe’s EV Battery Dreams Dim as China Takes the Lead
Europe’s EV battery ambitions falter as China and Asian manufacturers step up to dominate the market.
Companies & Organisations
Northvolt Advances in Securing Over $300 Million Financing Package
Northvolt is nearing a financing package of over $300 million to stabilize its operations amid growing challenges.
Industry News
Sweden’s Climate Minister Romina Pourmokhtari Defends Northvolt Decision Amid Criticism of Government’s Climate Policy
Sweden’s Climate Minister defends Northvolt decision as critics claim government climate policies fall short of 2030 goals.
Companies & Organisations
Northvolt Subsidiary Files for Bankruptcy Following Project Cancellation
Northvolt's subsidiary Ett Expansion AB has filed for bankruptcy after a major project cancellation, while the broader group consolidates and seeks additional funding.
Companies & Organisations
Northvolt Faces Financial Struggles and Redundancies Amid Cashflow Crisis
Northvolt faces financial struggles, leading to job cuts and concerns over its future.
Companies & Organisations
Northvolt to Cut 1,600 Jobs Amid Challenges in the Electric Car Industry
Northvolt announces 1,600 job cuts due to challenges in the electric vehicle sector.
Industry News
Northvolt AB initiates €5 billion battery plant construction in Northern Germany
Northvolt’s Heide plant, powered by wind energy, is expected to employ approximately 3,000 individuals and commence operations in 2026. Northvolt AB has embarked on the construction of a €5 billion ($5.
Industry News
European battery companies call on EU for more support
European metals and materials companies are urging the EU to ramp up financial support for the bloc’s battery industry to help it face strong competition from China and the United States, a…