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 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.

BMW's decision to axe its contract was the result of Northvolt being two years behind on the batteries for that deal, meaning they would be obsolete by the time they would be delivered, an ...

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

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?

(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 ...