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Swedish battery manufacturer Northvolt, Europe\u2019s unicorn start-up in the electric vehicle (EV) battery market, announced it will cut 1,600 jobs. The number accounts for roughly 20% of its global workforce.The decision comes as the company faces significant financial challenges and a slowdown in the EV market. The cuts will disproportionately affect Sweden, with around 1,000 jobs being eliminated at its flagship factory in Skellefte\u00e5, and another 400 positions at its research facility in V\u00e4ster\u00e5s.This content has been archived. Log in or Subscribe to a level that has access to archived content.<\/p>\n","category_list_v2":"Batteries<\/a>, Critical materials<\/a>, Energy<\/a>, Europe<\/a>, Industry<\/a>, Technology<\/a>, Top Stories Today<\/a>","author_info_v2":{"name":"Piet Andries","url":"https:\/\/newmobility.news\/en\/author\/piet-andriesgmail-com\/"},"comments_num_v2":"0 comments","yoast_head":"\nNorthvolt to cut 1,600 jobs over EV cooldown - newmobility.news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newmobility.news\/en\/2024\/09\/24\/northvolt-to-cut-1600-jobs-over-ev-cooldown\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Northvolt to cut 1,600 jobs over EV cooldown - newmobility.news\" \/>\n<meta property=\"og:description\" content=\"Swedish battery manufacturer Northvolt, Europe\u2019s unicorn start-up in the electric vehicle (EV) battery market, announced it will cut 1,600 jobs. The number accounts for roughly 20% of its global workforce.The decision comes as the company faces significant financial challenges and a slowdown in the EV market. 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