Northvolt AB today announced that it has filed for bankruptcy in Sweden. It says Northvolt North America is solvent, but what will happen to its massive EV battery plant project in Canada?
Northvolt AB, which is Northvolt North America’s parent company, said in a statement that it “experienced a series of compounding challenges in recent months that eroded its financial position, including rising capital costs, geopolitical instability, subsequent supply chain disruptions, and shifts in market demand.” It also stated that it faced significant internal challenges in its production ramp-up, and was ultimately unsuccessful in securing a “viable financial and operational future for the company.” (As an aside, Northvolt Germany is also still solvent.)
Northvolt North America first announced plans in September 2023 to build Northvolt Six, a new EV battery gigafactory roughly 15 miles (25 km) east of Montreal. Northvolt Six will include a cell production plant, battery recycling, and cathode active-material production facilities, with the factory running entirely on hydroelectric power. The plan was to bring the plant online in 2026, delivering an initial annual production capacity of 30 GWh.
The project has hefty government financial backing, with Quebec’s government contributing CAD $2.9 billion and the Canadian federal government contributing CAD $4.4 billion.
Advertisement – scroll for more content
So what does the future hold for Northvolt Six in light of Northvolt’s bankruptcy in Sweden? In a word: Unclear.
The Canadian Press via the Montreal Gazettereports that Northvolt North America says it will honor its obligations toward its employees. However:
Spokeswoman Emmanuelle Rouillard-Moreau would not confirm when asked if construction on the project will move ahead as part of Northvolt North America’s commitment to honour obligations. She says any decisions regarding the subsidiary ‘will be made by the court-appointed trustee of Northvolt AB, together with the group’s lenders, at the appropriate time.’
Unsurprisingly, Rouillard-Moreau has stuck to the bankruptcy announcement script word-for-word (it’s in paragraph six). They simply don’t know yet. As soon as we find out more, I’ll update this story.
Now is a great time to begin your solar journey so your system is installed in time for those sunny spring days. If you want to make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20 to 30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here. –trusted affiliate partner
FTC: We use income earning auto affiliate links.More.
Kempower just cut the ribbon on downtown Durham, North Carolina’s first public DC fast-charging station. The new charger is operated in partnership with National Car Charging.
The new station at 111 W. Chapel Hill Street has two plugs (CCS1 and CHAdeMO) and is near restaurants and shops. The Durham area has plenty of Level 2 chargers, but this is its first DC fast charger downtown. Until now, the closest fast charger was three miles away from downtown.
Kempower, a Finnish company with its US office and factory in Durham, doesn’t mention the number of kilowatts its DC fast charger can deliver. However, PlugShare reports that a Ford F-150 Lightning managed 171 kW yesterday.
I asked the City of Durham’s spokesperson why it’s taken this long to install a DC fast charger downtown, and they replied that the “downtown core in Durham is densely developed and there are not many locations for chargers that have the right conditions and available power infrastructure for commercially viable fast chargers.”
Durham Mayor Leonardo Williams said the charger represents another step forward for the city’s clean energy goals: “With this locally built EV fast charger in the heart of downtown, we’re not only reducing our community’s carbon footprint – we’re supporting local jobs, clean energy, and a more connected future for everyone who calls Durham home.”
Advertisement – scroll for more content
As of 2025, North Carolina had more than 306 DC fast-charging stations and 1,385 ports.
Electrek’s Take
The City of Durham’s explanation of why it’s taken this long to get a fast charger downtown is a bit of a head-scratcher for me. It must be more of an infrastructure issue, or perhaps a matter of politics or funding, because density hasn’t stopped other cities from installing fast chargers in urban areas. Kempower provided 10 fast chargers at Pier 36 in Lower Manhattan, in collaboration with Revel, in September 2024. At any rate, it’s progress for Durham worth celebrating.
If you’re looking to replace your old HVAC equipment, it’s always a good idea to get quotes from a few installers. To make sure you’re finding a trusted, reliable HVAC installer near you that offers competitive pricing on heat pumps, check out EnergySage. EnergySage is a free service that makes it easy for you to get a heat pump. They have pre-vetted heat pump installers competing for your business, ensuring you get high quality solutions. Plus, it’s free to use!
Your personalized heat pump quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here. – *ad
FTC: We use income earning auto affiliate links.More.
Porsche unveiled its new Cayenne EV today, and it comes with an option for something we haven’t seen out of a factory-equipped car before: inductive charging.
Over the years, we’ve heard plenty of attempts by companies to trick consumers into thinking that it’s possible to make an electric car that doesn’t need to charge.
From Toyota’s dumb “self-charging hybrid” claim, to the new fad of “range extenders”/EREVs (aka plug-in hybrids with a bigger battery), to all manner of solarvehicles, people seem to think that convincing customers that they don’t need to plug in will get them to buy an EV (or, will help them greenwash their gas-guzzling hybrids).
And now the next entry into that group has arrived: the Porsche Cayenne electric, which can indeed be driven without ever plugging in, or gassing up, or even parking in the sun.
Advertisement – scroll for more content
It does have to be parked somewhere specific though: over a pad in your garage. Because this car can be equipped to use inductive charging, right out of the factory.
Inductive charging uses magnetic fields to transfer electrical power, as opposed to conductive charging, which uses a plug. Inductive charging is how phone charging mats work, but in this case, it’s scaled up significantly in size and power.
We’ve seen a few inductive charging projects before, but they’ve always been aftermarket or experimental so far. Or, they’ve been targeted more at commercial or fleet buyers (buses, for example).
Porsche says that its inductive charging system can push 11kW of power, which is plenty for overnight home charging (on the car’s 113kWh battery). It does this at 90% efficiency – not as much as the ~95% of conductive charging, but still quite good. It also requires an extra ~33lbs of coils and wiring onboard the car, which is a significant if not massive weight gain.
To activate the system, the charging pad makes contact with the car via wide-band wireless communication to determine location, then activates when you park in just the perfect spot. The car’s screen shows guide lines to help you find the way to where you need to be – or there’s always the tennis-ball-on-a-string trick if you want to go low tech.
When we tried it out in LA, once we got the system up and running (hot tip: don’t daisy chain two extension cords if you want your inductive charging pad to work), it quickly charged at 11kW, at least according to the in-car system.
The inductive charger includes a lot of safety features to ensure nothing weird happens. Even though it only uses magnetic fields, the mat includes sensors to detect any living or metal objects nearby, it will stop (yes, this includes your cat that likes to sleep under the car, and yes, Porsche gets asked this question often). We saw this happen once in the studio demo, but it quickly turned back on after deciding everything was okay.
The Cayenne will still have its regular conductive charging ports, capable of 11kW AC or 400kW DC charge. But for those who want to forgo the plug, at least at home, the mat is an available option.
That said – pricing and availability are still TBD. The system costs €7k in Europe, plus an electrician, but we don’t know what it will cost in the US yet.
So, there’s still a chance that someone else beats Porsche to the “first” moniker – possibly Tesla, given that it seems to be close to offering an inductive charging system. But there are a lot of hurdles to ensure that the system is reliable in every type of weather and real world situation, and lots of electrical codes to follow. So, it looks like the race is on.
Electrek’s Take
I was quite interested in talking to the engineers about this system, because I hadn’t actually experienced inductive charging in an EV before.
People have been talking about this for a long time, and I used to be excited about the concept of electrified roads where cars could just drive on them and get a charge and never have to plug in.
However, after conversations over the years and experience with how easy driving and charging an EV is, I came to think that inductive charging is mostly a gimmick, and that we will likely rely on conductive charging in the long term (and especially that in-highway charging is a boondoggle that’s never going to be a good option, especially when catenary/pantograph systems exist).
That said, there are still niches and benefits to be had. In a potential fully autonomous future, we’ll need to figure out autonomous charging, and inductive charging could be a good answer for that.
In addition, some drivers do have difficulty with cables. While the NACS cable is much easier to handle than the old CCS cable, an older driver or one with mobility issues might have a hard time plugging in a car. Inductive charging could be good for them.
Or, heck, maybe someone is just lazy. Or doesn’t like cords. And doesn’t mind spending money for these marginal improvements. We can imagine there are Porsche buyers who could fit that description.
I still think the take rate will be relatively low, but it will be interesting to see real world tests of this, how buyers get along with it, and what sort of problems they manage to solve. As much as I’m a skeptic of inductive charging’s usefulness and acknowledger of its limitations, it’s nice to see new things get tried sometimes.
What do you think about Porsche’s inductive charging system? Would you prefer it to conductive charging? How much would you pay to add this option to your EV? Let us know in the comments.
The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
FTC: We use income earning auto affiliate links.More.
The Inster, Hyundai’s most affordable EV, is Germany’s best-selling small electric car and top overall vehicle priced under €25,000.
The Hyundai Inster is Germany’s best-selling small EV
After launching the Inster in Europe in late 2024, Hyundai’s smallest and most affordable EV quickly became one of the most popular electric cars in the region.
According to JATO Dynamics, the Hyundai Inster was the 19th most popular EV across Europe in June, outselling the Dacia Spring, Hyundai Kona, and Toyota bZ4X.
In Germany, the heart of Europe, Hyundai’s most affordable EV is making an even bigger impression. Since this summer, the Hyundai Inster is Germany’s best-selling small EV so far in 2025 and just won the Golden Steering Wheel award for best car under €25,000 ($28,900) by AUTO BILD & BILD am SONNTAG.
Advertisement – scroll for more content
Hyundai said the recognition is proof that its vehicles are resonating with buyers across Europe. The Korean automaker will continue expanding its EV lineup, from the small Inster to the three-row IONIQ 9.
Hyundai Inster EV (Source: Hyundai)
The award comes after the Inster was crowned the 2025 World Electric Vehicle at the World Car Awards ceremony in the spring, held during the New York International Auto Show.
Hyundai’s electric city car starts at just €25,000 ($28,900) in Germany. Despite its small size, the Inster delivers up to 370 km (230 miles) WLTP driving range, fast charging (10% to 80%) in 30 minutes, and a surprisingly spacious and feature-rich interior.
The Inster features dual 10.3″ driver display and infotainment screens with wireless Android Auto and Apple CarPlay as part of Hyundai’s digital cockpit.
By 2027, Hyundai plans to electrify all vehicles sold in Europe. The Inster and IONIQ 9 are now rolling out across the region, and Hyundai plans to build momentum with new EVs, including the IONIQ 3, which will go into production in Hungary in the first half of 2026.
The Hyundai Inster EV (Source: Hyundai)
In South Korea, Hyundai’s home market, the Inster is sold as the Casper Electric. The compact EV is sold in Japan, Europe, the Middle East, and parts of Asia.
Although those in the US won’t get to see the Inster or IONIQ 3, Hyundai still has one of the most affordable EVs you can get your hands on. With leases starting at just $189 per month, the Hyundai IONIQ 5 is still America’s best deal for an electric vehicle.