Cuberg, Inc. announced mass layoffs, shutting down its San Leandro facility, leaving nearly 200 employees without jobs as Northvolt consolidates R&D efforts to Sweden.
Richard Wang expressed pride in Cuberg's legacy in lithium metal battery technology, despite the cuts, emphasizing their contributions to clients like Boeing and electric aircraft startups.
With the closure of Cuberg, there are roughly 200 skilled engineers and managers in battery technology now looking for new roles, underscoring a significant loss for the industry.
Northvolt's acquisition of Cuberg in 2021 exemplifies the intensified competition in the battery industry, driven by massive investments to scale up and compete against Asian manufacturers.
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