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 order
Battery maker Northvolt will shut down and shift development of lithium-metal battery technology from California to its R&D hub in Vasteras, Sweden , the company said on Tuesday.
Car makers and other manufacturers have for some time looked to source batteries away from China, with Northvolt considered by many as a pioneer in battery cell production in Europe. All employees at Cuberg would be made redundant, Northvolt confirmed to Reuters, and said it encouraged the workers to apply for open positions in other arms of Northvolt.
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