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Sweden’s Northvolt Files For Bankruptcy

Business Insider on MSN · 21h

An EV-battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash

Northvolt has struggled to boost production at its Swedish battery factory and recently announced 1,600 layoffs amid weak consumer demand for EVs.

Swedish EV battery market Northvolt files for bankruptcy in US

This move is part of a strategic effort to restructure debt, scale operations and secure a sustainable foundation for continued operations.

Fast Company · 1d

Northvolt files for bankruptcy—putting the breaks on Europe’s EV dreams

Northvolt transformed in a matter of months from Europe's best shot at a homegrown electric-vehicle battery champion to a struggling company.

1d

Northvolt’s Ex-Tesla CEO Quits In EV Battery Bankruptcy Fallout

The CEO of Northvolt, Peter Carlsson, today resigned amongst ongoing fallout from the Swedish EV battery maker’s U.S. Chapter ...

1d

Northvolt crisis may be make or break for Europe's EV battery ambitions

Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars, ...

NBC Los Angeles3d

Battery giant Northvolt files for bankruptcy in major setback to Europe's EV ambitions

Northvolt said the reorganization would help it access approximately ... The Stockholm-based business has long been ...

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