Lyten, the supermaterial applications company and global leader in lithium-sulfur batteries, announced today it has secured ...

Lyten, a tiny California battery startup, turned heads by snapping up assets from one of the industry’s most high-profile ...

Northvolt said the $100 million in a new loan is part of $245 million in financing support for the bankruptcy. Swedish truck maker Scania, a shareholder and its biggest customer, said on Thursday ...

This has caused Northvolt’s financial woes to snowball. Northvolt reported a loss of $1.2 billion in 2023, up nearly fourfold from a $285 million loss a year earlier.

Major players in the sector have come under severe financial difficulties, such as electric-vehicle maker Lion Electric and ...

Sweden's Northvolt on Wednesday said the head of its main plant, Europe's first homegrown gigafactory for lithium-ion battery cells, will step down with immediate effect.

Currently, Northvolt is making enough to supply about 15,000 electronic vehicles a year. That's expected to increase to about a million car batteries once construction at the plant is completed in ...

It comes shortly after the cash-strapped company announced plans to reduce its workforce by about 25% in Sweden as part of a major cost-cutting drive. Mark Duchesne, CEO of Northvolt Ett, will be ...

Sweden's Northvolt on Wednesday said the head of its main plant, Europe's first homegrown gigafactory for lithium-ion battery cells, will step down with immediate effect.