Battery maker Northvolt to shift R&D from California to Sweden

Battery maker Northvolt will shut down and shift development of lithium-metal battery technology from California to its R&D hub in Vasteras, Sweden, the company announced.

The decision is part of a strategic review to refocus its expansion plans after Northvolt experienced a series of setbacks such as production delays and a customer cancelling a 2 billion euro ($2.22 billion) order.

“The transfer reflects a strategic move to consolidate the R&D and industrialisation...