Swedish battery maker Northvolt files for bankruptcy

Swedish battery firm Northvolt files for bankruptcy
This move comes amid geopolitical instability, rising capital costs, supply chain disruptions, and shifts in market demand.
Europe's would-be battery champion Northvolt files for bankruptcy
Battery cell maker Northvolt has filed for bankruptcy in Sweden, the company said on Wednesday, marking one of the country's largest corporate failures and effectively ending Europe's best hope of developing a rival to challenge China.
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.
Swedish Battery Maker Northvolt Files For Bankruptcy in Sweden
STOCKHOLM–Swedish battery maker Northvolt filed for bankruptcy in Sweden after it failed to secure the financial backing needed to continue operating.A Swedish court-appointed trustee will now oversee the process,
Northvolt Bankruptcy Strikes Blow to Sweden's Northern Boom Town
STOCKHOLM (Reuters) - The bankruptcy of battery cell maker Northvolt, once the leader of Sweden's green industrial boom, is a huge blow to the country's north and particularly the small town of Skelleftea.
Northvolt bankruptcy puts future of German battery factory in doubt
The future of battery manufacturer Northvolt's planned factory in northern Germany has been cast into doubt after the Swedish company filed for bankruptcy on Wednesday. Operations for Northvolt's German subsidiary are to continue,
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
Northvolt goes bankrupt, Swedish battery maker collapses in Europe
After BMW nixed its battery supply deal with the Swedish battery maker that once aimed to rival firms from China and Korea, a turnaround was looking increasingly unlikely.
Northvolt’s Que. battery plant status unclear due to bankruptcy
Northvolt North America says it remains solvent and intends to honour its obligations, including toward its employees.
Europe’s great battery hope Northvolt files for bankruptcy in Sweden
BRUSSELS — Swedish battery-maker Northvolt filed for bankruptcy in Sweden on Wednesday, marking the final unraveling of a company once seen as Europe’s standard bearer for the sector. Facing a cash crunch in November, Northvolt filed for Chapter 11 bankruptcy protection in the U.S. as it looked to raise more funds and restructure.
Northvolt close to filing for bankruptcy in Sweden, newspaper DN reports
Northvolt, the Swedish maker of battery cells for electric vehicles, may be close to filing for bankruptcy in Sweden, Swedish newspaper Dagens Nyheter (DN) reported on Tuesday. Northvolt sought U.S. Chapter 11 bankruptcy protection in November last year as its cash pile dwindled,
Northvolt declares bankruptcy in Sweden, raising concerns about Quebec battery plant's future
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The Local1d
KEY FACTS: What we know so far about the Northvolt bankruptcy
Battery maker Northvolt filed for bankruptcy on March 12th after months of financial struggle. How will employees be affected ...
Scania committed to buying Northvolt's battery pack business despite bankruptcy
Truckmaker Scania still intends to buy Northvolt's battery pack business despite the Swedish battery maker having declared ...
End of the road for EV battery maker that raised $15 billion from investors including Goldman Sachs and BlackRock
The Swedish company aimed to become Europe's main EV battery maker and take on Chinese rivals, but filed for Chapter 11 ...
Norran1d
Expert: How Northvolt’s bankruptcy is handled – what happens now
What happens to the battery factory now that the bankruptcy is a reality? And what does it mean for the employees?Norran put ...
Scania Is Not Giving Up on Northvolt Despite Supplier’s Bankruptcy
Volkswagen AG’s truckmaker Scania continues to receive cells from Northvolt AB as the Swedish battery maker fights for ...