Northvolt, once considered Europe's best hope for a battery champion, filed for U.S. Chapter 11 bankruptcy protection in November last year. "The purchase consideration rounds to 0 m SEK.

This is a summary of a request from the Official Committee of Unsecured Creditors of Northvolt to hire Akin Gump Strauss Hauer & Feld as counsel, filed Jan. 13 with the U.S. Bankruptcy Court in ...

During Northvolt's mass lay-offs last autumn, some consultants were kept on because their specialised skills were considered essential for production. Their contracts were extended or even renewed.

STOCKHOLM/BERLIN/FRANKFURT :Northvolt asked more than 100 shareholders at a meeting this month to provide $1.29 billion over the next two years to help restore the bankrupt Swedish battery maker's ...

Northvolt filed for bankruptcy in the US in November after a bid to secure rescue funding fell short, leaving the company with just one week’s cash and $5.84 billion in debt.

Northvolt's controversial bonus scheme for key staff is set to be expanded to workers on the floor in spring. The Swedish battery maker's decision to pay out 5.4 million US dollars in bonuses to ...

STOCKHOLM (Reuters) -Swedish electric-vehicle battery maker Northvolt agreed with Volvo Cars on Wednesday to sell its stake in their joint battery venture Novo Energy for an undisclosed sum and ...

Just a few weeks into his role as CEO of Northvolt Ett, Markus Dangelmaier arrives this Friday morning wearing a checked shirt and the now-ubiquitous black Northvolt hoodie. He greets everyone ...

Northvolt intends to focus on its primary battery cell production business. Credit: Jeppe Gustafsson/Shutterstock. Swedish EV battery maker Northvolt has reached an agreement with Volvo Cars to ...

(Reuters) - (This Feb. 6 story has been corrected to say Volvo 'will pay Northvolt almost nothing,' not 'will not pay Northvolt,' in the headline and paragraph 1, and to say 'purchase price is ...

Northvolt, which is under U.S. bankruptcy protection, ceased funding for most of its joint ventures, including Novo, throughout 2024 to sustain its primary business of battery cell production.