Though the Swedish startup has raised over $14 billion, it has been running short on cash recently. © 2024 TechCrunch. All rights reserved. For personal use only.

Sweden’s Northvolt has filed for bankruptcy. It marks the end of Europe’s best hope for competing with car batteries from Asia. Northvolt was once considered Europe’s best funded start-up ...

Northvolt AB today announced that it has filed for bankruptcy in Sweden. It says Northvolt North America is solvent, but what will happen to its massive EV battery plant project in Canada?

The company and its assets will be sold after it filed for bankruptcy in Sweden, sinking Europe’s best hope for competing against Asian rivals. By Melissa Eddy Melissa Eddy covers European ...

STOCKHOLM–Swedish battery maker Northvolt filed for bankruptcy in Sweden after it failed to secure the financial backing needed to continue operating. A Swedish court-appointed trustee will now ...

[Stay on top of transportation news: Get TTNews in your inbox.] Northvolt AB filed for bankruptcy in Sweden, bringing to an end a company that was once seen as the future of Europe’s battery ...

The day after the bankruptcy announcement, the atmosphere at Northvolt’s gates in Skellefteå was subdued. Many of the employees are so-called third-country nationals, meaning they come from outside ...

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 ...

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 ...

Scania offered $6 million for the unit in February Northvolt bankruptcy meant deal was halted An unnamed consortium earlier made higher bid Bankruptcy trustee responsible for deciding on any asset ...

STOCKHOLM (Reuters) - Truckmaker Scania still intends to buy Northvolt's battery pack business despite the Swedish battery maker having declared bankruptcy on Wednesday, a Scania spokesperson told ...