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Northvolt slashes jobs and pauses production amid falling EV demand and financial struggles

Swedish battery manufacturer Northvolt AB is taking drastic measures to stabilize its financial situation, including pausing production at its flagship factory and implementing job...

CATL explores $1.5 billion fund to boost global battery supply chain

China's Contemporary Amperex Technology (CATL), the world's largest electric vehicle battery manufacturer, is in discussions with overseas sovereign wealth funds and private offices of...

Verkor secures funding for new battery cell factory in Northern France

French battery manufacturer Verkor has secured €1.3 billion in financing for its new battery cell factory located in Dunkirk, northern France. Construction of the...
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