Exclusive From The Electric: Northvolt Fires the Top Leadership of Battery Subsidiary Cuberg

Swedish battery manufacturer Northvolt fired the senior leaders of its California-based lithium metal battery subsidiary, Cuberg. Those let go included Cuberg’s founder and CEO, Richard Wang, who sold the startup to Northvolt in 2021 as a spinout from Stanford University, chief operating officer Reza Nikfar and chief strategy officer Michael Bartholomeusz. A Northvolt spokesperson said that Wang's departure was a mutual decision.