Northvolt's bankruptcy trustee has received an indicative bid from a foreign interested party for the company's business in ...

Northvolt logo is displayed at the battery manufacturer's office, after the company's bankruptcy announcement, in Stockholm, Sweden, March 12, 2025.

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 AB was placed under the protection of Chapter 11 of the US Bankruptcy Code, by voluntary petitions for relief. Why ...

Swedish batterymaker Northvolt could build two battery plants in parallel, a spokesperson said on Friday, after fears in Europe that the company would put plans on the continent on hold in favour ...

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 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 ...

Northvolt is close to securing a $300 million funding package from a consortium of investors, shareholders and customers. Photo: helena soderpalm/Reuters.

Northvolt AB sought bankruptcy protection for one of its units in a bid to limit the financial fallout from the troubled battery maker’s now-halted expansion in northern Sweden.

In late 2021, Northvolt began cell production at its first gigafactory, followed by news of a second factory coming to Sweden by 2025. By March 2022, a third gigafactory had been announced for ...

Northvolt is closing Bay Area battery subsidiary Cuberg and laying off 196 workers. They were encouraged to apply to jobs in Montreal and Sweden. SF Gate Logo Hearst Newspapers Logo ...