Breaking Ranks to Survive-Northvolt Announces Business Realignment and Layoffs
Sep 10, 2024 20:55
Northvolt announced cost-cutting measures, including layoffs and the de-prioritization of cathode materials and battery storage production. The company will focus on cell production and sell, suspend or terminate non-core business units. Key steps include halting the cathode production at the Northvolt Ett, terminating the Northvolt Fem project, seeking new investors for Northvolt Dwa in Poland and etc. SMM believe that