An EV-battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash
Northvolt has struggled to boost production at its Swedish battery factory and recently announced 1,600 layoffs amid weak ...
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Northvolt’s Collapse Countdown Started With BMW Pulling the Plug
In addition to BMW and Volkswagen AG, Northvolt’s top investors included Goldman Sachs’s asset management arm, ...
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 ...
Northvolt crisis may be make or break for Europe's EV battery ambitions
Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars, ...
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German minister 'cautiously optimistic' about battery firm Northvolt
Northvolt filed for bankruptcy on Thursday in the United ... So too is the US investment bank Goldman Sachs.
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Northvolt appoints restructuring manager for its battery factory
Ailing battery manufacturer Northvolt has appointed restructuring expert Paul O'Donnell as head of the Northvolt Ett factory.
Northvolt's bankruptcy filing won't affect Quebec battery plant, says economy minister
Quebec Economy Minister Christine Fréchette is reassuring the province following the announcement that Northvolt, the Swedish ...
Northvolt appoints restructuring expert to oversee main battery plant
Northvolt has appointed restructuring expert Paul O'Donnell to oversee the lithium-ion battery maker's main facility in ...