northvolt bankruptcy sweden

Northvolt files for bankruptcy in Sweden

Northvolt declares bankruptcy in Sweden, raising concerns about Quebec battery plant's future

Northvolt has declared bankruptcy in Sweden, but says its North American operations are solvent. The company is building a large battery factory on Montreal's South Shore.

The Wall Street Journal on MSN · 1d

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,

TechCrunch on MSN · 1d

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.

GlobalData on MSN14h

Swedish battery firm Northvolt files for bankruptcy

This move comes amid geopolitical instability, rising capital costs, supply chain disruptions, and shifts in market demand.

1don MSN

Europe's Would-Be Battery Champion Northvolt Files for Bankruptcy

STOCKHOLM (Reuters) - Northvolt, the Swedish maker of battery cells for electric vehicles, said on Wednesday it has filed for ...

The Local1d

Northvolt applies for bankruptcy at Stockholm District Court

The bankruptcy, which Stockholm District Court confirmed to the TT newswire was filed on Wednesday morning, is expected to ...

electrive.com2d

Northvolt partner Scania likely to bring second cell supplier on board

Swedish truckmaker Scania, a shareholder and customer of beleaguered battery maker Northvolt, is said to have secured an additional supplier of battery cells ...

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