Europe’s attempt at building a battery manufacturing powerhouse announced that it had halted work on a factory expansion and laid off about 20% of its employees.

Sweden’s Northvolt is scaling back plans after years of rapid expansion and will enact major job cuts. Here’s what’s going on.

Sweden's beleaguered electric car battery maker Northvolt said Monday it would cut a quarter of its staff in the country, as it struggles with strained finances and a slowdown in