Northvolt Shifts Battery R&D to Sweden, Impacting US Jobs

Northvolt AB is moving its research and development operations from its San Francisco subsidiary, Cuberg, to Sweden. Employees at the San Francisco location will need to reapply for positions within the company. Northvolt cited cost efficiency as the reason for the move. This decision follows recent challenges for Northvolt, including delivery delays and concerns about worker safety, which have reportedly postponed a potential IPO. Despite these setbacks, Northvolt secured significant funding earlier this year.