Swedish battery maker Northvolt said on Wednesday the head of it main plant would step down with immediate effect in the latest reorganisation of the cash-strapped group as it seeks to overcome persistent production problems.
Mark Duchesne, the head of the Northvolt Ett plant since mid-2023, will be replaced on an interim basis by Angeline Bilodeau, the vice president of Northvolt's operations in North America, the company said.
Northvolt announced in September it would slim down and cut jobs, sparking fears that Europe's best shot at a home-grown electric vehicle battery champion would stall due to production problems, sluggish demand and competition from China.
On Tuesday a Northvolt Ett subsidiary filed for bankruptcy after the factory expansion it was developing was cancelled, court filings showed, in a further sign of the group's deepening financial problems.
