Swedish battery maker Northvolt files for bankruptcy

Ailing Swedish EV battery firm Northvolt files for bankruptcy
Northvolt said a Swedish court-appointed will oversee the bankruptcy process, including the sale of the business and its assets and settlement of outstanding obligations. Struggling electric vehicle battery manufacturer Northvolt on Wednesday said it has filed for bankruptcy in Sweden.
Europe's biggest battery hope Northvolt files for bankruptcy
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.
Battery maker Northvolt files for bankruptcy in Sweden
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 ...
Swedish EV battery maker founded by two ex-Tesla executives files for bankruptcy
Northvolt, founded in 2016, had been struggling under a mountain of debt, slow demand, and production delays, leading to the bankruptcy.
Sweden’s Northvolt files for bankruptcy in blow to Europe’s battery sector
Battery maker Northvolt has filed for bankruptcy in Sweden, dealing a blow to Europe’s battery manufacturing capabilities. The firm said that it had made an “exhaustive effort…to secure a viable financial and operational future for the company”,
Business Insider2d
End of the road for EV battery maker that raised $15 billion from investors including Goldman Sachs and BlackRock
Northvolt, the electric vehicle battery maker founded by two former Tesla executives, has reached the end of the road after failing to secure additional funding. The Swedish company's board ...
Northvolt bankruptcy strikes blow to Sweden's northern boom town
The bankruptcy of battery cell maker Northvolt, once the leader of Sweden's green industrial boom, is a huge blow to the ...
Government ‘working hard’ to find buyer for Quebec EV battery gigafactory after Northvolt runs out of road
Canada’s federal government has started an urgent search to find a buyer for Northvolt’s giant battery factory in Quebec, after its Swedish parent company on Wednesday filed for bankruptcy.
Bloomberg L.P.2d
How Europe’s EV Battery Pioneer Northvolt Came Unstuck
When it comes to electric vehicle batteries, the outlook is especially bleak. Sweden’s Northvolt AB was long seen as a real contender to the Chinese companies that make most of the world’s EV ...
Global Trade Review (GTR)2d
Export credit agencies on hook as Northvolt powers down
Battery maker Northvolt has filed for bankruptcy in Sweden after failing to secure additional financing or investment, ...