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Honda’s ready to build prototype solid-state batteries for EVs

Honda on Thursday unveiled what it calls a demonstration production line for solid-state batteries, with aims to commercialize the technology later this decade. Located in Sakura City, in Japan's Tochigi Prefecture, the 295,000-square-foot facility is intended to establish the process for eventual mass production, as well as determine costs and some final cell specifications, Honda said.…

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Northvolt files for bankruptcy

Swedish battery firm Northvolt filed for U.S. Chapter 11 bankruptcy protection Thursday, with CEO Peter Carlsson stepping down the following day. Northvolt needs to raise between $1 billion and $1.2 billion to restore itself to full operations, Carlsson told Reuters and other media Friday. On Thursday, the company said it only had enough cash to…

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Northvolt, Hailed As Europe’s Future EV Battery Champion, Files For Bankruptcy

Northvolt, a Swedish-based lithium-ion battery manufacturer backed by Volkswagen Group and others, has filed for bankruptcy protection in the United States. The company was hailed as one of Europe's biggest hopes against China's EV battery supremacy. Northvolt's financial situation deteriorated in a matter of months. Swedish-based Northvolt, which was seen as one of Europe’s best…

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