Northvolt bankruptcy puts future of German battery factory

Northvolt bankruptcy puts future of German battery factory in doubt
The future of battery manufacturer Northvolt's planned factory in northern Germany has been cast into doubt after the Swedish company filed for bankruptcy on Wednesday. Operations for Northvolt's German subsidiary are to continue,
Northvolt AB files for bankruptcy in Sweden
Northvolt has announced more bad news. The parent company Northvolt AB and several subsidiaries have filed for bankruptcy in Sweden, despite the ongoing
European battery champion Northvolt files for bankruptcy
EV battery maker Northvolt has filed for bankruptcy in Sweden after making an “exhaustive effort” to secure a viable future.
Northvolt declares bankruptcy in Sweden, raising questions about future of massive Quebec battery plant
Northvolt has declared bankruptcy in Sweden, but says its North American operations are solvent. The company is building a large battery factory on Montreal's South Shore.
Status of Northvolt's Quebec battery plant unclear amid parent company's bankruptcy
It's unclear whether Northvolt North America's electric vehicle battery plant project in Quebec will proceed after its parent company filed for bankruptcy in Sweden on Wednesday.
Northvolt files for bankruptcy in Sweden – what now for its $7B Canada EV battery plant?
Northvolt AB has filed for bankruptcy in Sweden. What will happen to Northvolt North America's massive EV battery plant project in Canada?
Reuters25d
Europe's would-be battery champion Northvolt files for bankruptcy
Map show original expansion plan with colored dots: red for non-operational plants (Drei, Six), green for operational (Ett), yellow for no longer Northvolt-financed (Hydrovolt, NOVO), and blue for ...
Wall Street Journal24d
Scania Agrees to Buy Northvolt’s Heavy Industry Battery Business
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 ...
Bloomberg L.P.1mon
Ontario Fund Writes Down $400 Million Investment in Northvolt
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 ...
The Financial Times25d
Northvolt to sell industrial battery unit to Scania
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 ...
The Star8d
Northvolt to sell electric industrial battery ops
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 ...
Just Auto25d
Northvolt to divest heavy industry battery business to Scania
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 ...
norran24d
Northvolt sells Polish battery pack plant to Scania
While Northvolt didn't directly name Scania in its statement, the Swedish truck manufacturer confirmed to Reuters that it was the buyer. Scania said the unit would be integrated into its power ...