Northvolt's US unit files for Chapter 11 bankruptcy protection as CEO Peter Carlsson, who has led the startup since 2016, leaves post in what has become a crisis for the European battery industry.

(Bloomberg) -- Bankrupt battery maker Northvolt AB will continue to operate in Sweden with a staff of 1,700 while its remaining employees will be laid off. “Despite significant reductions ...

Northvolt’s interim chair. Former chief executive Peter Carlsson departed in November 2024 after the company applied for bankruptcy protection in the United States. At the time, a planned ...