"This was a decision we did not take lightly" and it was the only "realistic path forward," Northvolt Chairman Tom Johnstone told a press conference, saying every avenue had been pursued to avoid ...

The bankruptcy of Northvolt, the Swedish battery manufacturer, has led to surging waves, both in the political sphere and in ...

Sweden's Northvolt has agreed to divest its Systems Industrial division, a key developer and manufacturer of battery systems for heavy industry sectors. Northvolt’s Systems Industrial division ...

Northvolt, a major Swedish battery maker, filed for bankruptcy in the U.S., seeking to restructure the debt it had taken on to pay for its rapid expansion. Stockholm-based Northvolt said it had ...

STOCKHOLM—Truck maker Scania agreed to buy Northvolt’s heavy industry business, as the battery maker continues to work through a restructuring process. “This acquisition will provide access ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Northvolt has agreed to sell its industrial battery unit to Swedish truckmaker Scania, as Europe’s ...

STOCKHOLM: Northvolt has held talks with a big industrial company on selling the business that makes electric battery packs for heavy industry, as a lack of funds forces it to try to divest one of ...

Sweden's Northvolt has agreed to sell a business that makes electric battery packs for heavy industry, one of its few profitable units, to its customer and partner Scania, the two companies said ...

In just over a month, battery manufacturer Northvolt's company has made multi-billion-kronor losses, according to Sveriges Radio Ekot. The enormous losses in such a short time are, according to ...

Lyten, a Silicon Valley battery startup, announced today that it’s acquiring manufacturing assets from Northvolt, a Swedish battery manufacturer that’s facing a cash crunch. As part of the ...

Investment Management Corp. of Ontario has written down its $400 million investment in Northvolt AB, the electric vehicle battery maker that filed for bankruptcy protection last year, according to ...

Northvolt’s Systems Industrial division is engaged in providing battery modules and systems for various industries. Credit: Northvolt AB. Sweden’s Northvolt has agreed to divest its Systems ...