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A subsidiary of troubled Swedish battery maker Northvolt has filed for bankruptcy as the company works through a strategic overhaul amid a cooling global electric-vehicle market. Northvolt Ett ...
[Stay on top of transportation news: Get TTNews in your inbox.] Bankrupt battery maker Northvolt AB will continue to operate in Sweden with a staff of 1,700 while its remaining employees will be ...
STOCKHOLM/BERLIN/FRANKFURT (Reuters) -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 ...
Northvolt filed for bankruptcy in the US in November after a bid to secure rescue funding fell short, leaving the company with just one week’s cash and $5.84 billion in debt.
STOCKHOLM, Oct 14 (Reuters) - Swedish battery maker Northvolt said on Monday it had paid a monthly tax bill for October, in line with a company statement last week, as doubts had emerged in media ...
Last week, Volvo Cars agreed with Northvolt to take over its stake in the venture, which included a planned Gothenburg battery cell factory without disclosing the amount involved. Northvolt ...
A group of Northvolt AB lenders were set to convene on Friday to consider whether to extend a lifeline to the cash-strapped maker of electric vehicle batteries or cut their support and risk losing ...