💨 Abstract

Swedish battery maker Northvolt announced the head of its main plant, Mark Duchesne, is stepping down due to persistent production problems. He will be replaced temporarily by Angeline Bilodeau, vice president of Northvolt's North American operations. Northvolt has been reorganizing and cutting jobs due to production issues, sluggish demand, and competition from China. On Tuesday, a Northvolt Ett subsidiary filed for bankruptcy, indicating deepening financial problems.

Courtesy: theprint.in

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