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Sweden’s Northvolt Files For Bankruptcy
Sweden's Northvolt files for bankruptcy, in blow to Europe's EV ambitions
Northvolt, the Swedish maker of battery cells for electric vehicles, said on Thursday it has filed for Chapter 11 bankruptcy protection in the U.S., dealing a blow to Europe's hopes that its most developed battery player would reduce Western car makers' reliance on Chinese rivals.
Northvolt Files for Bankruptcy With Debt of $5.8 Billion
Northvolt AB filed for bankruptcy protection in the US after a desperate bid to secure rescue funding fell short, leaving the struggling battery maker with just one week’s cash in its accounts.Most Re
Northvolt CEO resigns as Europe's big hope for a battery champion files for bankruptcy
The chief executive of Northvolt stepped down on Friday, shortly after the Swedish battery maker filed for Chapter 11 bankruptcy protection in the U.S.
3d
on MSN
Swedish Battery Maker Northvolt Files for Chapter 11 Protection
Northvolt, a major Swedish battery maker, filed for bankruptcy in the U.S., seeking to restructure the debt it had taken on ...
6d
Sweden has no plans to take stake in Northvolt, deputy PM says
The Swedish government does not plan to take a stake in battery maker Northvolt, Sweden's Minister for Energy, Business and ...
The Local
3d
Inside Sweden: Have you been laid off from Northvolt?
He isn't the only one to lose his job (and actually he will remain on the board and take on a role as senior advisor), the ...
NBC Los Angeles
5d
Battery giant Northvolt files for bankruptcy in major setback to Europe's EV ambitions
In a statement published Thursday,
Northvolt
said the company would continue as normal during the restructuring process, ...
6d
on MSN
Sweden's Northvolt appoints restructuring expert to oversee main facility -report
Northvolt has appointed restructuring expert Paul O'Donnell to oversee the lithium-ion battery maker's main facility in ...
Carscoops
4d
Sweden’s Northvolt Files For Bankruptcy After Canceled Battery Orders
In October, it was revealed that Volvo Cars planned to buy out
Northvolt
from the jointly-owned gigafactory in
Sweden
operated by Novo Energy, a joint venture between
Northvolt
and Volvo.
6d
Northvolt Hires Restructuring Expert to Oversee Swedish Plant
Sweden’s Northvolt AB hired restructuring expert Paul O’Donnell to oversee its main factory unit, as time runs short for the ...
Memeburn
4h
What is Northvolt worth for German car companies?
Northvolt is bankrupt. But European car companies desperately need its automotive batteries for future production targets.
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