Northvolt has held talks with a big industrial company on selling the business that makes electric battery packs for heavy industry, as a lack of funds forces it to try to divest one of its few profitable operations by the year-end, an internal memo shows.
Earlier this week, we covered Michigan-based EV battery startup ONE, Our Next Energy, cutting its workforce by 25% as part of a “revised business plan,” according to the company. The company, headquartered in Novi, a suburb of Detroit, announced that it has cut 128 salaried and hourly workers from its staff of roughly 500 people.
Johnson Matthey sold its battery business to EV Metals for £50m in cash and a minority stake in the London-listed firm. EV Metals bought the business to add a downstream link in its plans to become an integrated supplier of battery materials.
As finite rational individuals 24, the strategy choice of each participant in the new energy battery recycling process is not always theoretically optimal, and the new energy battery recycling strategy is also influenced by the carbon sentiment of manufacturers, retailers, and other participants.
REUTERS/Marie Mannes/File Photo Purchase Licensing Rights At least eight companies have postponed or abandoned EV battery projects in Europe this year, including China's Svolt and joint venture ACC, led by Stellantis (STLAM.MI) and Mercedes-Benz (MBGn.DE).
Call it new industry growing pains: Companies are struggling to bridge the gap between early-stage products and the high-volume production that will be needed down the line, reports The Information. Battery makers also are looking to save cash as costs surge and investors move their funding to less risky prospects.
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