Northvolt goes bankrupt, Swedish battery maker collapses in Europe

Rendering of Northvolt Revolt Ett battery recycling plantOnce hyped as a potential cornerstone for an expanded European battery industry, Swedish battery maker Northvolt on Wednesday announced that it was filing for bankruptcy in its home country. "Like many companies in the battery sector, Northvolt has experienced a series of compounding challenges in recent months that eroded its financial position...

Future EVs might keep battery packs cool in this different way

Polestar 5 prototypeSouth Korean battery supplier SK On is looking at a different type of cooling method for electric vehicle battery packs. Last week, SK On put the focus on immersion cooling at InterBattery 2025, a South Korean battery trade show. Instead of circulating coolant or air around battery cells and modules, this method involves immersing them in a...

Solid-state batteries aren’t likely for Hyundai or Kia before 2030

New Kia EV4Hyundai and Kia likely won't have solid-state batteries ready for electric vehicles before the end of the decade, an executive said in an interview with Automotive News published Thursday. "I don't think we can commercialize these batteries before 2030," Spencer Cho, head of global product planning for Kia, said Feb. 24 at the automaker's EV Day...

Toyota steps in, spends $1.5B for Michigan battery factory with LG

2025 Toyota 4RunnerToyota plans to shift a $1.5 billion order to an LG Energy Solution battery factory in Michigan to help keep it afloat after General Motors backed out of the project, Automotive News reported Wednesday. Located in the state capital of Lansing, the plant started out as a joint venture between GM and LG. But in December GM said it was selling its...