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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.
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 ...
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.
2d
This Battery Startup Raised $15 Billion. Then It Went Bust.
Sweden’s Northvolt was once a darling of the battery industry and Europe’s best hope for competing with China’s dominant ...
6d
on MSN
Sweden has no plan 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 ...
devdiscourse
4d
Northvolt's Strategic Move: Chapter 11 Reorganization
Northvolt enters Chapter 11 reorganization to secure $145 million cash collateral and $100 million financing. Operations in ...
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