Sweden has no plans to take stake in Northvolt, deputy PM says

STOCKHOLM (Reuters) -The Swedish government does not plan to take a stake in lithium-ion battery maker Northvolt, Deputy Prime Minister Ebba Busch told Reuters on Tuesday as the company continues to explore options to stay afloat. "To come up with a completely new system that doesn't exist today, that's not on the table," Busch, who is also minister for energy, business and industry, said. Busch's comments echoed those of Prime Minister Ulf Kristersson who said in September the government did not have plans to invest in the cash-strapped battery maker, which is shrinking its operations and cutting jobs in order to stay afloat.