Northvolt to Cut Jobs and Pause Production Amid EV Market Challenges

The Swedish battery maker faces operational hurdles and declining electric vehicle demand, impacting expansion timelines.

Northvolt will halt operations at its Northvolt Ett Upstream 1 cathode material facility.
Job cuts are expected, but no specific numbers have been released.
Plans for new facilities in Germany and Canada are under review, with potential delays.
The company seeks strategic partners for its projects in Poland.
Northvolt remains committed to its long-term cell manufacturing goals despite current setbacks.