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GlobalData on MSNNorthvolt to divest heavy industry battery business to Scania“We have sold over 3,300 of our Voltpack Core products and achieved approximately 10 million hours of runtime for individual ...
Northvolt was one of the world’s most valuable battery startups. Now it has run out of charge. Over the past week, the ...
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 ...
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 ...
Sweden’s state-owned pension investors, collectively known as the AP Funds, have fully written down their entire investment in bankrupt battery maker Northvolt AB. The funds had invested 5.8 ...
With a $300 million bailout in its sights, Northvolt AB appears to have dodged a major threat to its existence. Yet longer term prospects for the debt-laden battery maker remain fraught.
STOCKHOLM, May 22 (Reuters) - Swedish automotive battery maker Northvolt, which declared bankruptcy in March, plans to wind down its remaining battery cell production in the Nordic country by the ...
Hitachi Energy is hiring workers from Northvolt AB as the cash-strapped battery maker lays off about 1,600 people at its sites in Sweden. The maker of transformers, electricity network equipment ...
Northvolt was the darling of the European cleantech industry, attracting billions in funding from the world’s biggest automakers, banks and governments. Today, as at least one investor questions ...
Northvolt AB may slow its battery projects, the latest in a line of industry reassessments after the transition to electric cars cooled. The Swedish manufacturer could push out the ramp-up ...
Volkswagen bet big on European-made batteries a few years ago with two massive investments in Northvolt, the Swedish manufacturer. Now the automaker’s €1.4 billion stake is worth less than ...
Company filed for bankruptcy in November Northvolt needs $1.29 billion until 2027, sources say Slightly above the $1-$1.2 bln range given before Asian partner likely needed to rescue company ...
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