News

September 9, 2024

Northvolt plans to cut jobs and sell sites as losses pile up

The Swedish battery maker will cut some of its 7,000-strong workforce

Freya Pratty and Amy Lewin

4 min read

Northvolt, the Swedish battery maker which is Europe’s best-funded startup, has announced plans to cut jobs and sell some of its businesses.

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Picture of Northvolt Ett, the gigafactory in Skellefteå in Sweden
Picture of Northvolt Ett, the gigafactory in Skellefteå
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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

Amy Lewin

Amy Lewin is Sifted’s editor and host of Startup Europe — The Sifted Podcast . Follow her on X, LinkedIn and Bluesky

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