Northvolt bankruptcy: Wake-up call for Europe’s EV ambitions?

Following the bankruptcy of battery manufacturer Northvolt, several authorities are now issuing a warning. The bankruptcy could lead to increased crime.

Northvolt bankruptcy: Wake-up call for Europe’s EV ambitions?

Experts say Swedish battery maker’s collapse highlights Europe’s losing battle against Asian giants - Anadolu Ajansı

Police warn of criminals and unscrupulous bosses exploiting workers in Northvolt fallout - Radio Sweden

Northvolt's battery factory in Skellefteå, northern Sweden.Lyssna: Police warn of criminals and unscrupulous bosses exploiting workers in NorthvolPolice are warning of the risk of criminals and unscrupulous employers profiteering from the collapse of Swedish battery manufacturer Northvolt, which up until recently employed over a thousand people from outside the EU on a work permit in Sweden.In a press release, the police write that they, along w…

Northvolt cuts thousands of jobs after insolvency. While production continues, the main plant in Sweden is particularly hard hit.

Northvolt filed for insolvency last month and is now taking action: Of its approximately 5,000 employees, 2,800 will be laid off. However, the financially troubled battery manufacturer is expected to continue operations. "Despite major cuts, it is positive that operations can continue to a certain extent, which is likely crucial for being able to sell the company in whole or in part," wrote insolvency administrator Mikael Kubu in a statement. Th…