Sweden’s state-owned pension investors, collectively known as the AP Funds, have fully written down their entire investment in bankrupt battery maker Northvolt AB. The funds had invested 5.8 ...
STOCKHOLM/BERLIN/FRANKFURT (Reuters) -Northvolt asked more than 100 shareholders at a meeting this month to provide $1.29 billion over the next two years to help restore the bankrupt Swedish ...
Volvo Cars will not pay Northvolt any money for its 50% stake in their battery venture Novo Energy that it had agreed to acquire, according to the automaker's quarterly report on Thursday.
Company filed for bankruptcy in November Northvolt needs $1.29 billion until 2027, sources say Slightly above the $1-$1.2 bln range given before Asian partner likely needed to rescue company ...
(Bloomberg) -- Northvolt AB has yet to line up investors willing to commit funds to allow the Swedish battery maker to emerge from Chapter 11 bankruptcy protection, according to people familiar ...
Northvolt asked more than 100 shareholders at a meeting this month to provide $1.29-billion over the next two years to help restore the bankrupt Swedish battery maker’s business, two sources ...
Northvolt filed for bankruptcy in the US in November after a bid to secure rescue funding fell short, leaving the company with just one week’s cash and $5.84 billion in debt.
Investment Management Corp. of Ontario has written down its $400 million investment in Northvolt AB, the electric vehicle battery maker that filed for bankruptcy protection last year, according to ...
Truckmaker Scania has stepped in to help Northvolt with the day-to-day running of its flagship plant in northern Sweden, a last-ditch effort to boost quality and output at the struggling electric ...
STOCKHOLM (Reuters) -Swedish electric-vehicle battery maker Northvolt agreed with Volvo Cars on Wednesday to sell its stake in their joint battery venture Novo Energy for an undisclosed sum and ...