Northvolt’s fortunes took a more decisive turn when BMW canceled a $2 billion contract in June 2024. The battery manufacturer ...

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Former U.S. President Donald Trump has reignited the debate over the Keystone XL Pipeline, expressing his desire to see the project revived and completed. In recent statements made via social media, ...

Industrial battery manufacturer Northvolt sold the Northvolt Systems Industrial business unit to truck manufacturer Scania to achieve operational efficiency and cost reduction. The transfer of ...

The Swedish battery maker Northvolt AB filed for bankruptcy protection in the US in November. The company’s market value peaked at $29 billion in the days after it began trading, but it fell to ...

Northvolt spokesman Erik Zsiga told AFP the company had requested an extension, but still aimed "to finalise the Chapter 11 process in the first quarter." "But we also need to act to have ...

Northvolt is seeking to restructure its business. Photo: Henrik Montgomery/TT Sweden's troubled battery maker Northvolt has asked for an extension in its Chapter 11 process in the United States.

Northvolt Systems Industrial was founded by Northvolt in 2018 and currently employs around 300 people at a prototype facility for battery systems in Stockholm and at the production facility in Gdansk.

Nikola NKLA-Q said on Wednesday it had filed for Chapter 11 bankruptcy protection and would pursue a sale of its assets, the latest electric-vehicle maker to stumble after grappling with tepid ...

Nikola looks to wind down operations EV maker latest to go bankrupt in the sector Market valuation tumbles to under $50 million from peak of $27 billion Feb 19 (Reuters) - Nikola (NKLA.O), opens ...

Swedish truck manufacturer Scania is set to acquire Northvolt’s Systems Industrial division, a battery system developer for heavy industry, as part of Northvolt’s strategic shift towards large-scale ...

STOCKHOLM—Truck maker Scania agreed to buy Northvolt’s heavy industry business, as the battery maker continues to work through a restructuring process. “This acquisition will provide access ...