Chinese battery maker Hithium bets on global expansion to fuel growth

Chinese battery maker Hithium bets on global expansion to fuel growth

The world’s third-largest maker of energy storage systems plans to open its US$100 million Texas facility later this year, executive says.

Battery maker ceases production at Sweden headquarters

Image: S.H.exclusiv/stock.adobe.comBattery cell manufacturer Northvolt has officially stopped production at its headquarters in Sweden as the fallen business is preparing to finally close its doors. While the manufacturer was able to sell its systems industrial development division to global OEM Scania earlier this year, it now faces the closure of its main plant on June 30 this year. At the time, there’s only one customer that Northvolt is prod…