I t was supposed to be a battery pioneer, a symbol of European competitiveness and an example of industrial policy done right ...

Northvolt has just $30 million in cash and $5.84 billion in debt, but says it can emerge from restructuring in Q1 2025 ...

France, Germany and Sweden called on the incoming European Commission on Thursday to ensure the future of battery production ...

Swedish electric vehicle (EV) battery manufacturer Northvolt has filed for Chapter 11 bankruptcy protection in the US.

The CEO of Northvolt, Peter Carlsson, today resigned amongst ongoing fallout from the Swedish EV battery maker’s U.S. Chapter ...

Northvolt said it has only enough cash to support operations for about a week and said it has secured $100 million in new financing for the bankruptcy process. It said operations will continue as ...

STOCKHOLM, Nov 22 (Reuters) - Sweden's Northvolt said on Thursday it will seek U.S. Chapter 11 bankruptcy protection as the cash-strapped battery start-up seeks to sort out its finances.

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 ...

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 ...

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.

Swedish battery maker Northvolt filed for Chapter 11 bankruptcy protection in the U.S., delivering a blow to Europe’s ...

Northvolt, Europe’s EV battery leader, files for Chapter 11, seeking $245M to restructure and sustain its Swedish gigafactory ...