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 businesses, including Novo, throughout 2024 to sustain its primary business of ...

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 ...

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.

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.

Swedish battery maker Northvolt AB has been granted a second deadline extension to file schedules and statements with a bankruptcy court in the U.S., according to a ruling on Jan. 15 seen by ...

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 ...

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.