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Battery maker Northvolt to shift RandD from California to Sweden

STOCKHOLM (Reuters) -Battery maker Northvolt will shut down and shift development of lithium-metal battery technology from California to its RandD hub in Vasteras, Sweden, the company said on Tuesday. The decision is part of a strategic review to refocus its expansion plans after Northvolt experienced a series of setbacks such as production delays and a customer cancelling a 2 billion euro ($2.

Posted by Hicham ALAOUI RIZQ on 2024, Aug 20

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STOCKHOLM (Reuters) -Battery maker Northvolt will shut down and shift development of lithium-metal battery technology from California to its RandD hub in Vasteras, Sweden, the company said on Tuesday. The decision is part of a strategic review to refocus its expansion plans after Northvolt experienced a series of setbacks such as production delays and a customer cancelling a 2 billion euro ($2.

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