Northvolt Loggo - Search News

Battery manufacturer Northvolt nears end

Battery manufacturer Northvolt nears the end as it files for bankruptcy in Sweden

Northvolt’s fortunes took a more decisive turn when BMW canceled a $2 billion contract in June 2024. The battery manufacturer had been unable to deliver on time. To conserve cash, it laid off 1,600 employees and sold the assets of its Cuberg division, a Bay Area solid-state battery startup it acquired in 2021.

Hindustan Times on MSN · 17h

Swedish EV battery maker founded by two ex-Tesla executives files for bankruptcy

Northvolt, founded in 2016, had been struggling under a mountain of debt, slow demand, and production delays, leading to the bankruptcy.

Markets Insider · 1d

Northvolt Bankruptcy Deals a Blow to Europe’s Battery Desires

Northvolt, a Swedish-based battery maker, filed for bankruptcy in its home country as rising debts defeated one of Europe’s best chances at

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 ...

The Financial Times24d

Northvolt to sell industrial battery unit to Scania

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Northvolt has agreed to sell its industrial battery unit to Swedish truckmaker Scania, as Europe’s ...

Yahoo Finance23d

Northvolt to divest heavy industry battery business to Scania

Sweden's Northvolt has agreed to divest its Systems Industrial division, a key developer and manufacturer of battery systems for heavy industry sectors. Northvolt’s Systems Industrial division ...

Reuters2d

Northvolt close to filing for bankruptcy in Sweden, newspaper DN reports

STOCKHOLM, March 11 (Reuters) - Northvolt, the Swedish maker of battery cells for electric vehicles, may be close to filing for bankruptcy in Sweden, Swedish newspaper Dagens Nyheter (DN ...

Some results have been hidden because they may be inaccessible to you

Show inaccessible results