Volvo Cars will pay Northvolt almost nothing for its 50% stake in their battery venture Novo Energy that it had agreed to ...

Northvolt, which is under U.S. bankruptcy protection, had ceased funding for most of its joint ventures and non-core ...

Northvolt, currently under US bankruptcy protection, stopped funding most of its joint ventures, including Novo, throughout 2024 to prioritise its core business of battery cell production.

Scania, controlled by Volkswagen's commercial vehicles arm Traton Group, depends on Northvolt for battery cells for its e-trucks and owns a stake in the Swedish green tech player. It pledged ...

Northvolt, the Swedish maker of battery cells for electric vehicles, on Nov. 21 filed for Chapter 11 bankruptcy protection in the United States with debts of $5.8 billion and only $30 million in cash.

Last week saw the shareholders of Northvolt approve the company’s plan to keep building battery cells in Skelleftea while it seeks new funding to restructure under bankruptcy protection.

Northvolt aims to focus more exclusively on battery cell production and has divested, wound down and begun attempting to sell other parts of its business, which include its on-site battery ...

Northvolt, which is under U.S. bankruptcy protection, ceased funding for most of its joint ventures, including Novo, throughout 2024 to sustain its primary business of battery cell production.

Northvolt intends to focus on its primary battery cell production business. Credit: Jeppe Gustafsson/Shutterstock. Swedish EV battery maker Northvolt has reached an agreement with Volvo Cars to ...