Northvolt lays off 1,600 workers, but it’s not the end for Europe’s battery champion

Quick Summary:

Northvolt did not immediately reply to TechCrunch’s request for comment, though it’s hard to see how that didn’t influence the company’s cost-cutting measures.

What those high-profile stumbles don’t reveal were the other obstacles A123 faced, most of which revolved around standing up a battery supply chain where there was none.

A123 was in the running to make battery packs for the Chevrolet Volt, but after losing out to LG, its only customer ended up being the first iteration of Fisker, which was also making a plug-in hybrid.

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Article Details

Author / Journalist: Tim De Chant

Category: Technology

Markets: United StatesChinaIndiaSouth KoreaSweden

Topics: Climate Lithium ion batteries Battery manufacturing Layoffs Electric vehicles Northvolt Startups Transportation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-24 @ 18:17:54 (3 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1333 words

Reading Time: 8 minutes read

Sentences: 74 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 22698725

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