Bankruptcy trustee, Mikael Kubu, has previously announced that Northvolt will continue operating on a smaller scale while awaiting a potential ...

The government called a press conference on Wednesday afternoon following Northvolt's bankruptcy announcement. – This is an extremely tough announcement and a difficult day for everyone affected by ...

"Northvolt's liquidity picture has become dire," the company said in its Chapter 11 petition. Northvolt, a Swedish-based lithium-ion battery manufacturer backed by Volkswagen Group and others, has ...

When Northvolt filed for bankruptcy in the US, it showed $8 billion of debt across all of its entities. "This was a decision we did not take lightly," Northvolt Chairperson Tom Johnstone told a ...

Fuelled by $15bn in financing, Northvolt was supposed to be Europe’s great battery success story — a homegrown champion capable of competing with Asian and American giants. So when ...

STOCKHOLM (Reuters) - Volkswagen's truckmaker Scania said on Friday it had agreed to buy bankrupt Northvolt's division that makes battery packs for heavy industry, reviving a transaction first ...

Swedish truck maker Scania acquired Northvolt’s heavy industry business after reaching an agreement with the company’s bankruptcy trustee. A deal had been struck to buy the business earlier ...

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 ...

COPENHAGEN, March 31 (Reuters) - Northvolt's bankruptcy trustee said on Monday it had reached an agreement in principle with key stakeholders in the electric vehicle battery maker for financial ...

STOCKHOLM–Swedish battery maker Northvolt filed for bankruptcy in Sweden after it failed to secure the financial backing needed to continue operating. A Swedish court-appointed trustee will now ...

Credit: Scania. Scania, the truck manufacturing subsidiary of Volkswagen, has agreed to acquire Industrial Division of Northvolt Systems to strengthen its off-road electrification capabilities.