STOCKHOLM (Reuters) – Battery manufacturer Northvolt will certainly settle and move growth of lithium-metal battery innovation to its R&D center in Vasteras, Sweden, from California, the business claimed on Tuesday.
The choice comes as the business is participated in a calculated testimonial to redouble its growth strategies after experiencing a collection of problems such as manufacturing hold-ups and a client terminating an 2 billion euro order.
“The transfer reflects a strategic move to consolidate the R&D and industrialization of Northvolt’s cell product portfolio … into one location,” it claimed in a declaration.
Northvolt obtained California battery innovation business Cuberg in 2021, a 25-staffer procedure that has actually because expanded to over 200 and concentrated on establishing lithium-metal battery innovation.
Northvolt claimed it had actually motivated employees at the system to relate to employment opportunity in various other arms of Northvolt as component of the change.
(Reporting by Marie Mannes; editing and enhancing by Niklas Pollard)
