Scania still main suitor for bankrupt Northvolt's battery pack unit
Truckmaker Scania is willing to go ahead with purchasing the only profitable business of bankrupt battery maker Northvolt for $6 million, it said on Wednesday.
Swedish battery maker Northvolt files for bankruptcy as cash runs out
STOCKHOLM (Reuters) -Northvolt, the Swedish battery cell maker for electric vehicles, said on Wednesday it had filed for bankruptcy in Sweden, one of the country's largest and ending Europe's best hope of developing a rival to major Asian EV battery players.
What does Northvolt’s bankruptcy in Sweden mean for its $7B EV battery plant in Quebec?
It’s unclear whether the plans for the massive electric vehicle battery plant on Montreal's South Shore will go ahead. The Quebec government has invested $270 million into the project so far.
Europe's would-be battery champion Northvolt files for bankruptcy
By Marie Mannes STOCKHOLM (Reuters) -Battery cell maker Northvolt has filed for bankruptcy in Sweden, the company said on Wednesday, marking one of the country's largest corporate failures and effectively ending Europe's best hope of developing a rival to challenge China.
Battery manufacturer Northvolt nears the end as it files for bankruptcy in Sweden
Northvolt has experienced a series of compounding challenges in recent months that eroded its financial position, including rising capital costs, geopolitical instability, subsequent supply chain disruptions,
Europe’s great battery hope Northvolt files for bankruptcy in Sweden
Swedish battery-maker Northvolt filed for bankruptcy in Sweden on Wednesday, marking the final unraveling of a company once seen as Europe’s standard bearer for the sector. Facing a cash crunch in November,
Battery maker Northvolt files for bankruptcy in Sweden
STOCKHOLM - Swedish electric car battery maker Northvolt has filed for bankruptcy in Sweden, dealing a blow to European efforts to challenge Asia's dominance in the key sector.Founded in 2016, Northvolt has struggled under a mountain of debt,
Northvolt Files for Bankruptcy, Marking Setback for European Battery Industry
Northvolt, once hailed as Europe's battery manufacturing champion, has filed for bankruptcy in Sweden after failing to secure the financial support necessary to continue operations. The company cited multiple factors for its collapse in its Wednesday (March 12) release,
End of the road for EV battery maker that raised $15 billion from investors including Goldman Sachs and BlackRock
The Swedish company aimed to become Europe's main EV battery maker and take on Chinese rivals, but filed for Chapter 11 ...
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Northvolt to divest heavy industry battery business to Scania
Northvolt’s Systems Industrial division will ... employs around 300 individuals across facilities in Stockholm, Sweden, and Gdańsk, Poland. The division offers battery modules and systems ...
Northvolt shareholder Scania gets additional battery cell supply
Scania said on Monday it had secured a new supply of battery cells in addition to its deal with Northvolt, as the Swedish ...
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Reports: Northvolt may file for bankruptcy tomorrow
On Tuesday evening, reports spread quickly that battery manufacturer Northvolt may be nearing bankruptcy, with Dagens Nyheter being the first to report it. Two independent sources told DN that ...
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Scania Is Not Giving Up on Northvolt Despite Supplier’s Bankruptcy
Volkswagen AG’s truckmaker Scania continues to receive cells from Northvolt AB as the Swedish battery maker fights for survival under an ongoing bankruptcy process. “We currently, since quite ...
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Northvolt Close to Filing for Bankruptcy in Sweden, Newspaper DN Reports
STOCKHOLM (Reuters) - Northvolt, the Swedish maker of battery cells for electric vehicles, may be close to filing for bankruptcy in Sweden, Swedish newspaper Dagens Nyheter (DN) reported on Tuesday.