End of the road for EV battery maker that raised $15 billion from investors including Goldman Sachs and BlackRock
The Swedish company aimed to become Europe's main EV battery maker and take on Chinese rivals, but filed for Chapter 11 ...
electrive.com19h
Porsche postpones electric 718 successor to 2027
Porsche wanted to present the successor to the 718 Boxster and Cayman with electric drive at the end of this year, but there ...
Scania Committed to Buying Northvolt's Battery Pack Business Despite Bankruptcy
Truckmaker Scania still intends to buy Northvolt's battery pack business despite the Swedish battery maker having declared ...
The Verge2d
Things go from bankrupt to worse for Swedish EV battery manufacturer.
After filing for Chapter 11 in the US in November, Northvolt — which worked with Volkswagen, Volvo, Audi, Porsche, and BMW — has now filed for bankruptcy in Sweden. The company was founded by ...
What does Northvolt’s bankruptcy in Sweden mean for its $7B EV battery plant in Quebec?
It’s unclear whether the plans for the massive electric vehicle battery plant on Montreal's South Shore will go ahead. The Quebec government has invested $270 million into the project so far.
Reuters24d
Swedish battery maker Northvolt files for bankruptcy as cash runs out
Northvolt sought U.S. Chapter 11 bankruptcy protection last November as its cash pile dwindled, in a bid to secure funds to fix persistent problems in boosting output at its flagship plant in ...