Northvolt has been looking for money since mid-last year and filed for Chapter 11 in the U.S. in November with $5.84 billion in debt in one of the largest bankruptcies of 2024.

Northvolt Ett Expansion was created to manage the buildout of a gigafactory in northern Sweden, but that project was shelved as part of a cost-saving plan. Skip to Main Content.

Northvolt filed for bankruptcy in Sweden on March 12, making it one of the country's largest corporate failures and effectively ending Europe's best hope of developing a rival to challenge China.

Northvolt was one of the world’s most valuable battery startups. Now it has run out of charge. Over the past week, the Swedish company filed for bankruptcy in the U.S. and said its co-founder ...

Northvolt asked more than 100 shareholders at a meeting this month to provide $1.29 billion over the next two years to help restore the bankrupt Swedish battery maker's business, two sources ...

Northvolt’s crisis has already delivered a significant blow to Europe’s EV sector. Still, the company had maintained its operations during the last few months, even as bankruptcy proceedings ...

Northvolt filed for Chapter 11 bankruptcy protection in the U.S. in November after a bid to secure rescue funding fell short, leaving the company with little cash and $5.8 billion in debt.

Northvolt fought to avoid bankruptcy by laying off 1,600 employees in September and selling assets in November from its acquisition of Cuberg. The company was reportedly burning through $100 ...

Among Northvolt’s owners, top shareholder Volkswagen AG hasn’t said whether it will invest more. BMW AG canceled a contract with Northvolt this year and has ruled out pitching in more funds.

E lectric-vehicle dreams are crashing into reality, and the latest signs come from Europe. Swedish battery manufacturer Northvolt last week filed for bankruptcy, one day after Ford announced 4,000 ...

Ahead of the Northvolt team speaking at WIRED Impact in London on November 21, WIRED caught up with Carlsson to find out more about the company’s plan to green the battery sector. This interview ...

Northvolt announced that the commissioning of the Northvolt Ett gigafactory in Skellefteå, northern Sweden led to the assembly of the very first battery cell on December 28, 2021. Not bad ...