Northvolt CEO could consider halting $7B Canadian plant amid strategic review

Northvolot — Northvolt has for years been considered a pioneer in battery cell production in Europe. (REUTERS)

R

By:

Reuters

July 02, 2024 01:14 PM

STOCKHOLM — Swedish lithium-ion battery manufacturer Northvolt, which has a controversial $7-billion project planned in Canada, said on July 2 it was conducting a strategic review, as it grapples with a series of setbacks.

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