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Bankrupt battery maker Northvolt AB will continue to operate in Sweden with a staff of 1,700 while its remaining employees ...
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Northvolt, an electric vehicle battery maker, filed for bankruptcy in Sweden recently and Volkswagen is its largest shareholder with a 21 per cent stake in the company after a more than $700 million ...
BRUSSELS — Swedish battery-maker Northvolt filed for bankruptcy in Sweden on Wednesday, marking the final unraveling of a company once seen as Europe’s standard bearer for the sector.
Northvolt, founded in 2016, had been struggling under a mountain of debt, slow demand, and production delays, leading to the bankruptcy.
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, but it’s ...