Founded in 2016 by former Tesla executives, Northvolt aimed to become a leading producer of lithium-ion batteries for EVs, attracting significant investments along the way.

Northvolt, which employs around 6,600 people across seven countries, had warned that it only had enough cash to sustain operations for one week.

The European automotive sector has demonstrated remarkable resilience in October, with new car sales maintaining a delicate equilibrium despite ongoing market challenges, according to the …

Wall Street experienced a day of nuanced market movements on Wednesday, characterised by underlying geopolitical tensions and heightened investor anticipation surrounding key corporate earnings, particularly …

In a delicate dance of global economic and geopolitical forces, international oil markets experienced nuanced movements on Thursday, reflecting the intricate interplay between regional conflicts …

Uber Technologies has unveiled its innovative “XXL” service, strategically targeting the substantial Thanksgiving travel market whilst addressing economic challenges confronting the transportation industry. The company …

A coalition of nine Democratic senators has intensified pressure on the National Highway Traffic Safety Administration (NHTSA) to swiftly finalise and implement crucial vehicle safety …

Exxon Mobil has announced a significant non-binding lithium supply agreement with South Korean battery components manufacturer LG Chem, marking another strategic milestone in the company’s …

To compete, Spirit aggressively expanded its capacity by 27% over the past three years, incurring over USD 2 billion in debt during the same period.

Germany, where Volkswagen employs nearly 45% of its workforce, has the highest labor costs in the global automotive sector—averaging 62 euros (USD 66) per hour …