The rise and fall of battery maker Northvolt led to fears over several Swedish green industry projects, but can startup ...

Northvolt invested about $750mn to establish its R&D facility in 2021. Scania has already agreed to buy Northvolt’s industrial battery business for an undisclosed sum as part of a broad restructuring ...

Sweden has put forward a proposal to extend the three-month deadline for work permit holders who lose their jobs to six ...

Time is running out for Northvolt’s Swedish operations as potential buyers begin to look elsewhere for battery supplies, and ...

The bankruptcy of Northvolt has not deterred the Stegra company from pursuing its green steel project in northern Sweden ...

Swedish start-up Northvolt opened its flagship production plant here in 2022, after signing multi-billion euro contracts with carmakers including BMV, Volkswagen and Nordic truck manufacturer Scania.

But in the past year all that has unravelled rapidly, leaving Northvolt bankrupt, investors nursing big losses and Europe’s hopes of competing with Asian players on the battery technology so crucial ...

EV battery firm Northvolt has outlined a review of operations in Sweden which will result in the loss of 1,600 jobs. The move comes amid slowing sales of battery electric vehicles (BEVs ...

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 ...

Northvolt AB today announced that it has filed for bankruptcy in Sweden. It says Northvolt North America is solvent, but what will happen to its massive EV battery plant project in Canada?

Sweden’s Northvolt AB will shed 20% of its global workforce and pause its expansion plans to slow cash outflows as the battery-making firm confronts a burgeoning financial squeeze. The company ...

Northvolt calls its liquidity situation "dire" Operations to continue during restructuring, expected completion by Q1 2025 Scania lends $100 million for bankruptcy process Nov 21 (Reuters ...