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.. The company ...

Northvolt battery plant in Skelleftea, Sweden. SKELLEFTEA, Sweden — The far north of Sweden is the land of the midnight sun, where it's daylight 24 hours a day at this time of year.

Sweden's Northvolt on Wednesday said the head of its main plant, Europe's first homegrown gigafactory for lithium-ion battery cells, will step down with immediate effect.

The strategic action requires Northvolt to reduce its global workforce by around 20% and a 25% reduction in Sweden, the firm said. Get top local stories in Philly delivered to you every morning.

This week, the Northvolt unit managing the expansion of its main battery-cell factory in northern Sweden filed for bankruptcy, saddling suppliers with about 606 million Swedish kronor ($58.3 ...

Battery maker Northvolt said on Monday it would suspend cathode active material production at its gigafactory in Sweden and cut costs under a plan that could lead to job losses as the company ...

SKELLEFTEA, Sweden — The far north of Sweden is the land of the midnight sun, where it's daylight 24 hours a day at this time of year. Thick forests blanket the land and fast rivers produce ...

Northvolt's CEO says the key driver behind the startup is to make Europe self-efficient and less reliant on China for supplies. Sweden's Northvolt wants to rival China's battery dominance to power ...