Berlin says Sweden's Northvolt committed to project in Germany

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October 11, 2024 6:43 AM EDT

FILE PHOTO: General view outside the Northvolt facility in Vasteras, Sweden, September 29, 2021. Picture taken September 29, 2021. REUTERS/Helena Soderpalm/File Photo

BERLIN (Reuters) - The German government is in constant contact with Northvolt, which has emphasized that its project in Heide, Germany, is not affected by the Swedish battery maker's current problems, a German economy ministry spokesperson said on Friday.

"We are still committed to the project and, as things stand at the moment, Northvolt has confirmed this to us as well," said the spokesperson at a regular government press conference.

Northvolt announced in September that it would slim down and cut jobs, sparking fears that Europe's best shot at a homegrown electric-vehicle battery champion may stall due to production problems, sluggish demand and competition from China.

(Reporting by Andreas Rinke, Writing by Miranda Murray, Editing by Friederike Heine)


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