Sweden will not take stake in Northvolt, prime minister says
Adds quotes, detail in paragraphs 4-6, background in paragraphs 7-9
OSLO, Sept 16 (Reuters) -The Swedish state will not take a stake in battery maker Northvolt and the company's future must be determined by its private owners, Prime Minister Ulf Kristersson told a press conference on Monday.
Northvolt last week announced it would shrink its operations and cut jobs, sparking fears that Europe's best shot at a home-grown electric vehicle battery champion may stall.
"There is no doubt that we are committed to Sweden being a good place for new technology that is needed in the green transition, but it is not relevant for the Swedish state to step in and take a stake," Kristersson said.
Northvolt did not immediately respond to a request for comment.
The prime minister's statement came in reply to a question on whether the Swedish government would participate in a potential financial rescue of Northvolt.
"The ball is in the company's court now," said Kristersson, who leads Sweden's conservative Moderate Party, adding that it was up to Northvolt's owners to develop the group.
"We don't involve ourselves in the business plans of individual companies but we do want to be a good place for this kind of industry," he said.
Northvolt on Sept. 9 said it would suspend parts of the production at its gigafactory in Sweden and that the planned construction of plants in Germany, Canada and southern Sweden faced delays as the company scales back its rapid expansion.
With Volkswagen among its owners, Northvolt has led a wave of European startups investing tens of billions of dollars in battery production to serve the continent's automakers as they switch from internal combustion engines to electric vehicles.
But growth in EV demand is moving at a slower pace than some in the industry had projected, and competition remains stiff from China, which controls 85% of global battery cell production, International Energy Agency data shows.
Reporting by Terje Solsvik, editing by Stine Jacobsen, Kirsten Donovan
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
