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POWER: NorthVolt Suspends 30 GWh/yr Lithium Cell Expansion

POWER
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Swedish-based NorthVolt will suspend its Northolt Ett expansion project in Sweden, with the project having been anticipated to bring an additional 30 GWh/yr of lithium cell capacity, it said.

  • The decision comes as the company will reduce its workforce by 25% in Sweden and 20% globally.
  • The firm will instead focus on bringing online the first 16 GWh/yr phase.
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Swedish-based NorthVolt will suspend its Northolt Ett expansion project in Sweden, with the project having been anticipated to bring an additional 30 GWh/yr of lithium cell capacity, it said.

  • The decision comes as the company will reduce its workforce by 25% in Sweden and 20% globally.
  • The firm will instead focus on bringing online the first 16 GWh/yr phase.