Northvolt, a Swedish battery maker, seeks $1.29 billion from shareholders after filing for Chapter 11 bankruptcy. Facing production issues and failed funding talks, the company plans to secure ...

Northvolt, a Swedish battery maker, seeks $1.29 billion from shareholders to revive operations after filing for Chapter 11 bankruptcy. Facing cash exhaustion by February, the company is in talks with ...

STOCKHOLM (Reuters) -Swedish electric-vehicle battery maker Northvolt agreed with Volvo Cars on Wednesday to sell its stake ...

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 business, two sources familiar ...

Considered Europe's best shot at a home-grown electric vehicle battery champion to compete with Chinese rivals BYD and CATL, ...

Northvolt had ceased funding for most of its joint ventures and non-core businesses, including Novo, throughout 2024 to ...

Battery factories are popping up across North America. Here's where they are and how the Inflation Reduction Act influenced ...

Northvolt has struggled with persistent quality issues and troubles increasing production of its battery cells, which led BMW to cancel a 2-billion euro ($2.08 billion) contract last year and ...

Northvolt's shareholders include Goldman Sachs and BMW as well as customers Volkswagen and Scania. It is not clear which investors were present at the meeting. The two sources said the ...