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Aerial view of the 25,000-square meter battery energy storage systems manufacturing facility, in Gdansk, Poland, acquired by ...
Parts of Northvolt’s factory area is now for sale. Around twenty different market practitioners have shown an interest in the ...
Several media outlets recently reported that a first bid had been placed on the “entirety of the bankrupted Northvolt ...
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.
Declining EV sales. As one of Europe’s most valuable privately-held tech companies, Northvolt has built a reputation for its advanced battery technology that powers electric vehicles across the ...
The sale is the latest by Northvolt to divest projects and businesses such as in Poland and Norway, to cut costs and focus on its battery plant in northern Sweden.
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 co-founder urges EU not to give up EV battery dream Firm has filed for bankruptcy protection, needs $1.0-$1.2 bln EU hopes hit by weak EV sales, production issues, China strength ...
Bankrupt battery maker Northvolt AB will continue to operate in Sweden with a staff of 1,700 while its remaining employees will be laid off. Northvolt Cuts Workforce to 1,700 as Part of Bankruptcy ...
Germany cut EV subsidies last year, hampering sales and weakening demand for Northvolt and other suppliers. Italy is shifting €4.6 billion in funding from the auto industry to defense.
Northvolt’s woes are symptomatic of a wider malaise among companies that make batteries for electric vehicles, ... Sales of battery-powered cars in the country grew nearly 45 percent in May, ...
Bankrupt battery maker Northvolt AB will continue to operate in Sweden with a staff of 1,700 while its remaining employees will be laid off.