Electric & Hybrid Vehicle Technology International
  • News
    • A-F
      • Battery Technology
      • Buses & Commercial Vehicles
      • Charging Technology
      • Concept Vehicle
      • Electrification Strategies
      • Fuel-cell Technology
    • G-K
      • Hybrid Powertrain
      • Hybrid/electric Architecture
      • ICE Hybrids
      • Industry News
      • Joint Ventures
    • L-Q
      • Manufacturing
      • Materials Research
      • Motor Technology
      • Motorsport Electrification
      • NVH
      • OEM News
      • Powertrain Components
      • Pure-electric Powertrain
    • R-Z
      • Range Extender
      • Solid-state Battery Technology
      • Testing
      • Transmissions
  • Features
  • Online Magazines
    • March 2025
    • November/December 2024
    • July 2024
    • March 2024
    • November 2023
    • July 2023
    • March 2023
    • Archive Issues
    • Subscribe Free!
  • Technical Articles
  • Opinion
  • Videos
  • Supplier Spotlight
  • Webinars
  • Events
LinkedIn YouTube X (Twitter)
Subscribe to Magazine SUBSCRIBE TO EMAIL NEWSLETTER MEDIA PACK
LinkedIn
Electric & Hybrid Vehicle Technology International
  • News
      • Battery Technology
      • Buses & Commercial Vehicles
      • Charging Technology
      • Concept Vehicle
      • Electrification Strategies
      • Fuel-cell Technology
      • Hybrid Powertrain
      • Hybrid/electric Architecture
      • ICE Hybrids
      • Industry News
      • Joint Ventures
      • Manufacturing
      • Materials Research
      • Motor Technology
      • Motorsport Electrification
      • NVH
      • OEM News
      • Powertrain Components
      • Pure-electric Powertrain
      • Range Extender
      • Solid-state Battery Technology
      • Testing
      • Transmissions
  • Features
  • Online Magazines
    1. March 2025
    2. November/December 2024
    3. July 2024
    4. March 2024
    5. November 2023
    6. July 2023
    7. March 2023
    8. November 2022
    9. July 2022
    10. Archive Issues
    11. Subscribe Free!
    Featured
    March 24, 2025

    New issue available now! March 2025

    News By Web Team
    Recent

    New issue available now! March 2025

    March 24, 2025

    New issue available now! November/December 2024

    December 2, 2024

    In this issue – July 2024

    July 19, 2024
  • Technical Articles
  • Opinion
  • Videos
  • Supplier Spotlight
  • Webinars
  • Events
LinkedIn
Electric & Hybrid Vehicle Technology International
Industry News

Northvolt axes 1600 jobs as EV slowdown bites

The EngineerBy The EngineerOctober 1, 20243 Mins Read
Share LinkedIn Twitter Facebook Email
The Northvolt Ett gigafactory is set to lose 1,000 jobs.

Sweden’s Northvolt has announced that around 1,600 jobs will be cut across the company, as it scales back operations in response to a European slowdown in EV sales.

Expansion of the company’s Northvolt Ett gigafactory in Skellefteå, northern Sweden, has been suspended, with 1,000 jobs set to be lost at the site. Northvolt Labs, the firm’s R&D centre in Västerås, will see 400 jobs go, while 200 corporate positions in Stockholm will also be cut.

The job losses mark a 20 per cent reduction in Northvolt’s total workforce and come as a significant blow to Europe’s EV ambitions, with Northvolt long heralded as the continent’s leading response to China’s EV battery dominance. In a statement, Peter Carlsson, Northvolt’s co-founder and CEO, pointed to a struggling automotive market and challenges across the wider business environment. Warning signs for the company were present from June, when BMW cancelled a €2bn contract for battery cells that Northvolt reportedly could not deliver on time. 

“While overall momentum for electrification remains strong, we need to make sure that we take the right actions at the right time in response to headwinds in the automotive market, and wider industrial climate,” he said.  

“We now need to focus all energy and investments into our core business. Success in the ramp-up of production at Northvolt Ett is critical for delivering to our customers and enabling sustainable business operations. Recent production records at Northvolt Ett show that we are on the right path, but the decisions we’re taking today, however tough, are required for Northvolt’s future.”

The company said its priorities have been refocused to delivering the first 16GWh phase of Northvolt Ett, consolidating operations at the gigafactory and delivering on commitments to existing automotive customers. Plans to add a further 30GWh of manufacturing capability have been shelved, with the Northvolt Ett cathode active material facility placed into ‘care and maintenance’. Operations at Northvolt Labs will also be stripped back, though the company has pledged to maintain the site’s ‘fundamental platforms’ so that R&D can continue.

“The decisions announced today are both challenging and painful,” said Carlsson.

“I and all my colleagues at Northvolt will do everything we can to support the colleagues who will eventually leave the company. The decisions are, however, necessary to adjust for current realities and enable the long-term success of Northvolt. We are determined to overcome the challenges we face, and to emerge stronger and leaner as we continue forward in our work to contribute to a more sustainable society.”

Share. Twitter LinkedIn Facebook Email
Previous ArticleKia celebrates the completion of its first dedicated EV manufacturing facility
Next Article Peugeot expands EV lineup with all-electric E-408
The Engineer

Related Posts

Battery Technology

BMW and Solid Power achieve milestone with first ASSB road test

May 20, 20252 Mins Read
Concept Vehicle

Fiat reimagines iconic Panda 4×4 with innovative powertrain

May 20, 20252 Mins Read
Industry News

Chinese EV giant BYD selects Budapest for European headquarters and R&D center

May 19, 20252 Mins Read
Latest Posts

BMW and Solid Power achieve milestone with first ASSB road test

May 20, 2025

Fiat reimagines iconic Panda 4×4 with innovative powertrain

May 20, 2025

FEATURE: Volvo Construction Equipment

May 19, 2025
Our Social Channels
  • YouTube
  • LinkedIn
Getting in Touch
  • Free Email Newsletters
  • Meet the Editors
  • Contact Us
  • Media Pack
FREE WEEKLY NEWS EMAIL!

Get the 'best of the week' from this website direct to your inbox every Thursday


© 2023 Mark Allen Group Ltd | All Rights Reserved
  • Cookie Policy
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.