Head of battery maker Northvolt’s main plant stepping down

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Head of battery maker Northvolt’s main plant stepping down
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The shakeup is the latest reorganization of the cash-strapped group as it seeks to overcome persistent production problems

Swedish battery maker Northvolt said on Wednesday the head of its main plant would step down with immediate effect in the latest reorganization of the cash-strapped group as it seeks to overcome persistent production problems.

Northvolt’s Swedish gigafactory, built to serve the European auto industry’s transition to electric vehicles, has said the ramp-up of its battery production had progressed more slowly than planned, and that it would seek to speed this up. Northvolt announced in September it would slim down and cut jobs, sparking fears that Europe’s best shot at a homegrown electric vehicle battery champion would stall due to production problems, sluggish demand and competition from China.

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