Northvolt, the Swedish maker of battery cells for electric vehicles, said on Thursday it has filed for Chapter 11 bankruptcy ...
Northvolt has just $30 million in cash and $5.84 billion in debt, but says it can emerge from restructuring in Q1 2025 ...
Swedish electric vehicle (EV) battery manufacturer Northvolt has filed for Chapter 11 bankruptcy protection in the US.
The company’s woes are symptomatic of a wider malaise among companies that make batteries for electric vehicles.
said on Thursday that it was loaning $100 million to Northvolt to support the manufacturing of electric vehicle battery cells in Skelleftea, northern Sweden. "This decisive step will allow ...
The CEO of Northvolt, Peter Carlsson, today resigned amongst ongoing fallout from the Swedish EV battery maker’s U.S. Chapter ...
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 ...
A general view of Northvolt facility in Skelleftea, Sweden is seen in this undated handout photo. Photo: Northvolt/Handout via Reuters Northvolt, the Swedish maker of battery cells for electric ...
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.