After a slew of setbacks, Swedish EV champion Northvolt is winding down part of its U.S. operations as it reevaluates its businessNorthvolt faces significant challenges, including losing a major contract with BMW and closing its U.S. research subsidiary, amidst growing Asian competition.
Swedish battery maker shutters Bay Area subsidiary, lays off nearly 200Northvolt is consolidating its research and development in Sweden, resulting in the closure of Cuberg's Bay Area subsidiary and loss of 196 jobs.
After a slew of setbacks, Swedish EV champion Northvolt is winding down part of its U.S. operations as it reevaluates its businessNorthvolt faces significant challenges, including losing a major contract with BMW and closing its U.S. research subsidiary, amidst growing Asian competition.
Swedish battery maker shutters Bay Area subsidiary, lays off nearly 200Northvolt is consolidating its research and development in Sweden, resulting in the closure of Cuberg's Bay Area subsidiary and loss of 196 jobs.