The United States was a backwater for lithium-ion battery production until Congress in 2022 rewrote the economics of producing them domestically. Photo: Kittipong Jirasukhanonta/Adobe Stock Ailing Oslo EV Battery Maker Axes CLO, Seeks Replacement in Incentive-Rich US
Freyr Battery, hurt by weaker-than-expected demand for electric vehicles, hopes to find solace in the United States, which is doling out billions of dollars in tax credits to challenge China's supremacy in lithium-ion battery production.
September 13, 2024 at 08:18 AM
3 minute read
In House Moves
The original version of this story was published on Corporate Counsel
A Norwegian maker of electric vehicle batteries has jettisoned its Nordic chief legal officer and is seeking to replace him with one based in the United States, the new focus of its operations.
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