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Workers of the State Archaeological Workplace have hung footage of finds from a development trailer throughout a most important archaeological investigation on the Northvolt website.
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Sweden’s Northvolt on Wednesday mentioned the pinnacle of its most important plant, Europe’s first homegrown gigafactory for lithium-ion battery cells, will step down with rapid impact.
It comes shortly after the cash-strapped firm announced plans to cut back its workforce by about 25% in Sweden as a part of a significant cost-cutting drive.
Mark Duchesne, CEO of Northvolt Ett, will probably be changed on an interim foundation by Angéline J. Bilodeau, the agency’s vice chairman of operations in North America, the corporate mentioned in a press release.
The place will probably be held till the top of the 12 months as the corporate seeks to safe a everlasting alternative for CEO of Northvolt Ett, it added.
Primarily based in Stockholm, Sweden, Northvolt is considered one of Europe’s most valuable privately held tech firms that builds lithium-ion batteries for the electrical car business. It has partnerships with quite a lot of main European automakers, together with Volkswagen and Volvo.
In an update printed Sept. 23, Northvolt mentioned that following preliminary steps taken as a part of a strategic assessment, the corporate had revised its scope of operations in Sweden “to make sure that its sources are centered on accelerating manufacturing in large-scale cell manufacturing at Northvolt Ett.”
The strategic motion required the corporate to chop a complete of 1,600 jobs in Sweden, Northvolt mentioned.
Staff stroll on the website of the Northvolt Ett manufacturing unit in Skelleftea, north Sweden on February 23, 2022.
Jonathan Nackstrand | Afp | Getty Pictures
Alongside plans to put off employees, Northvolt mentioned on the time that it might droop plans for a large enlargement of Northvolt Ett, noting the undertaking had been supposed to supply a further 30 gigawatt hours of annual cell manufacturing capability.
On Tuesday, a Northvolt Ett subsidiary filed for bankruptcy following the choice to droop the enlargement undertaking — an replace that underscores the group’s deepening monetary struggles.
Individually, Swedish automaker Volvo Vehicles on Wednesday announced deputy CEO Björn Annwall will step down from his present position as a part of a administration reshuffle.
The reorganization at Volvo Vehicles comes shortly after the agency scrapped its near-term aim of promoting solely electrical automobiles, citing a have to be “pragmatic and versatile” amid altering market situations and cooling demand.
