EV Slump Prompts Battery Maker Northvolt to Review Growth Plan
- Ramp-up at Northvolt’s four projects could be pushed out
- EV battery maker has faced challenges in ramp up in Sweden
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Northvolt AB may slow its battery projects, the latest in a line of industry reassessments after the transition to electric cars cooled.
The Swedish manufacturer could push out the ramp-up timelines at its four major sites, Chief Executive Officer Peter Carlsson said Tuesday.