Peter Carlsson, CEO and co-founder of Northvolt, states, 'While overall momentum for electric vehicle adoption remains strong, lessons from our journey remind us that we need to focus on scaling our core production efficiently to meet the growing demand for lithium-ion batteries.' This highlights the necessity of prioritizing core production amid challenges.
Northvolt announced a reduction of its workforce by nearly 1,600 employees across its Swedish locations. This drastic decision, which comprises 20% of its global workforce, emphasizes the need to streamline operations to focus on critical production goals.
#northvolt #lithium-ion-batteries #workforce-reduction #production-strategy #electric-vehicle-industry
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