Swedish battery firm Northvolt filed for U.S. Chapter 11 bankruptcy protection Thursday, with CEO Peter Carlsson stepping down the following day. Northvolt needs to raise between $1 billion and $1.2 billion to restore itself to full operations, Carlsson told Reuters and other media Friday. On Thursday, the company said it only had enough cash to... Northvolt battery maker files for bankruptcy
Swedish battery firm Northvolt filed for U.S. Chapter 11 bankruptcy protection Thursday, with CEO Peter Carlsson stepping down the following day. Northvolt needs to raise between $1 billion and $1.2 billion to restore itself to full operations, Carlsson told Reuters and other media Friday. On Thursday, the company said it only had enough cash to... 
Honda on Thursday unveiled what it calls a demonstration production line for solid-state batteries, with aims to commercialize the technology later this decade. Located in Sakura City, in Japan's Tochigi Prefecture, the 295,000-square-foot facility is intended to establish the process for eventual mass production, as well as determine costs and... 
EV battery prices have been falling, and they could decline even more steeply over the next two years, according to a new Goldman Sachs report. On the pack level, global average battery prices declined from $153 per kwh in 2022 to $149 in 2023, according to the report, which predicts that they'll continue dropping to $80 per kwh by 2026. That's... 
The U.S. could produce cheaper EV batteries than China by 2030, according to a new report by analysis firm Benchmark Mineral Intelligence (via Politico). But that depends on Biden administration policies undergirding current battery-manufacturing momentum staying in place. The cost reductions are dependent on tax credits from the Inflation... 
Chines battery supplier CATL could build a plant in the U.S. The decision would hinge on whether Trump's administration allows the Chinese to enter the market CATL wanted to invest in the U.S. but to date the government's said no Chinese battery supplier CATL is open to building a U.S. factory if the incoming Trump administration allows it, the... 
Mazda on Thursday provided an update on its powertrain development efforts, which will emphasize bringing more development work on all-electric and hybrid powertrains in-house going forward. After launching the low-range MX-30 crossover, which has already been discontinued in the U.S., with all-electric and range-extended powertrains, Mazda has... 
Honda is looking to expand a battery-swapping service from Asia to Europe, but the focus will remain on two-wheeled vehicles like mopeds and scooters. The automaker currently offers battery-swapping in Japan, India, Indonesia, and Thailand, but in a Tuesday press release said it's now working with Swedish scooter rental startup GoCimo on testing... 
As the second-generation Tesla Roadster remains on the drawing board, a Texas-based company has sketched out a new life for original Roadsters, while improving their handling. Re/Cell, which specializes in remanufacturing EV battery packs, recently unveiled a replacement Roadster battery pack that's 400 pounds lighter than the original and takes... 
Ford Mustang Mach-E battery production will move from Poland to Michigan The move will translate into federal EV tax credit eligibility The Ford Mustang Mach-E is assembled in Mexico LG Energy Solution will shift production of batteries for the Ford Mustang Mach-E from Poland to Michigan in 2025, checking a box for federal EV tax-credit... 
Stellantis will test solid-state battery cells from Massachusetts-based Factorial in a fleet of Dodge Charger Daytona electric vehicles starting in 2026, the two companies announced Wednesday. The test fleet "will enable the validation of Factorial's technology and assessment of its performance in real-world driving conditions," the companies... 