STOCKHOLM :Battery maker Northvolt said on Monday it would suspend cathode active material production at its gigafactory in Sweden and cut costs under a plan that could lead to job losses as the company scales back its rapid expansion. Billed as a frontrunner in Europe's effort to build a battery industry of its own, Northvolt is focusing on its large-scale cell manufacturing after a strategic review following a series of setbacks. It has suffered production delays and the cancellation by BMW

Tag-uri: BMW