Northvolt To Cut Jobs and Delay Battery Gigafactory Projects

GALWAY, IRELAND--September 16, 2024--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Europe's only homegrown battery cell maker Northvolt (Stockholm, Sweden) is to cut jobs, delay future gigafactory projects and potentially sell off one of its divisions in order to survive the slump in European electric vehicle (EV) sales.

Within this article: Details planned cuts and project delays at Swedish battery maker, Northvolt, reasons, impact, existing projects, European EV market