For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse started in June when BMW AG canceled a multi-billion-dollar order.

For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse started in June when BMW AG canceled a multi-billion order.

Northvolt collapse countdown started with BMW order cancellation. Started clock ticking on Chapter 11 filing by EV battery maker. Author of the article: Bloomberg News. Charles Daly, Eyk Henning, ...

BMW was let down last year when Northvolt couldn't fulfill a $20,000,000 order, and the Porsche 718 Boxster project has been ...

BMW AG is unwilling to invest more in Northvolt AB, the cash-strapped battery maker that’s seeking fresh funds to stabilize its finances, according to a person familiar with the matter.

Despite being a leader in the industry, Northvolt has struggled to produce high-quality batteries in enough volumes, leading to BMW walking away from its big order and delays of EV ramp-up at ...

It was still privately held and counted several well-known companies among its investors, including Goldman Sachs (GS-0.22%), Volkswagen , and BMW . When will it IPO? When will Northvolt IPO?

Northvolt, a leading European battery manufacturer, will lay off 1,600 employees in Sweden following the cancellation of a major contract with BMW. The company is shifting focus to accelerate ...

(Bloomberg) -- For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse started in June when BMW AG canceled a multi-billion-dollar ...

BMW declined to comment. A Northvolt spokesperson said the company continues to work on financing and declined further comment. Northvolt slid into peril after a production ramp-up fell behind ...