Swedish battery maker Northvolt is undertaking a strategic review that could lead to job losses as the company aims to cut costs and scale back ambitious expansion plans, Reuters reported Monday. "No final decisions have been made on the precise nature of any (workforce) resizing," Northvolt said in a statement to Reuters. The company has decided... Northvolt cutting costs, undergoing strategic review
Swedish battery maker Northvolt is undertaking a strategic review that could lead to job losses as the company aims to cut costs and scale back ambitious expansion plans, Reuters reported Monday. "No final decisions have been made on the precise nature of any (workforce) resizing," Northvolt said in a statement to Reuters. The company has decided... 
Italian officials want the European Union to review a plan to end sales of new internal-combustion cars by 2035 earlier than scheduled. "The ban must be changed," Italian energy minister Gilberto Pichetto Fratin told Automotive News Europe last week on the sidelines of the TEHA business forum in Cernobbio, on the shores of Italy's Lake Como... 
Toyota now aims for a million or more EVs in 2026, down from 1.5 million It plans to start making next-gen batteries in Japan in 2026, including solid-state cells At an eventual 9 gigawatt-hours annually, the advanced batteries are likely only for niche models EVs Toyota will ramp up EV production to at least one million units in 2026, and will... 