Bankrupt battery maker Northvolt will stop production at its last remaining factory in northern Sweden at the end of June if it fails to find a buyer before then.
May 22, 2025battery News Updates
Northvolt to Stop Production at End of June Without Buyer
Clarios Releases New Battery Technology to Reduce Idling
Clarios has released a battery-monitoring technology, IdleLess, that provides real-time insights on heavy-duty vehicles while reducing fuel consumption and emissions.
April 29, 2025Texas Is Becoming the Epicenter of US Battery Expansion
The Lone Star State may be the heart of America’s oil and gas map, but it’s quickly becoming the biggest installer of a technology key for renewables development: battery storage.
April 11, 2025Northvolt Cuts Workforce to 1,700 as Part of Bankruptcy
Bankrupt battery maker Northvolt AB will continue to operate in Sweden with a staff of 1,700 while its remaining employees will be laid off.
March 31, 2025CATL, Nio Sign $346M Deal to Expand Battery-Swapping Grid
The world’s largest battery manufacturer, CATL, has agreed to invest up to $346 million in building out a battery-swapping network across China in collaboration with EV maker Nio.
March 18, 2025Toyota Announces EV and Battery Push in China and US
TOKYO — Toyota is developing and making electric vehicles and EV batteries in China, the Japanese automaker said Feb. 5, under a new partnership with the Shanghai government.
February 5, 2025LG Energy Posts Unexpected Loss as EV Demand Slows
Battery maker LG Energy Solution Ltd. reported an unexpected loss — sending its shares down — as cooling demand for electric cars hurt sales.
January 9, 2025Price of EV Battery Packs Falls Most Since 2017
The average price of lithium-ion battery packs has fallen the most in seven years, a development likely to accelerate price parity between electric vehicles and gasoline-powered cars.
December 10, 2024South Korean Companies Reconsider Plants in US Over Trump
South Korean companies are reconsidering their $54 billion investment blitz to build EV battery plants in the U.S. over concerns President-elect Donald Trump could undo tax credits for EVs.
December 9, 2024Northvolt Files for Bankruptcy After Failed Rescue Attempts
The move caps months of talks with owners, customers and creditors to find a way for Europe’s rare homegrown maker of EV batteries to continue operations.
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