The company and its assets will be sold after it filed for bankruptcy in Sweden, sinking Europe’s best hope for competing against Asian rivals.

STOCKHOLM–Swedish battery maker Northvolt filed for bankruptcy in Sweden after it failed to secure the financial backing needed to continue operating.A Swedish court-appointed trustee will now oversee the process,

Northvolt AB, the European electric vehicle battery maker, has filed for bankruptcy in Sweden in a move that raises serious doubts about the viability of a megafactory planned for Quebec.

Battery maker Northvolt has filed for bankruptcy in Sweden, capping the downfall of a company once regarded as Europe’s best hope of competing in an industry dominated by China.

Swedish battery-maker Northvolt filed for bankruptcy in Sweden today, marking the final unraveling of a company once seen as Europe's standard bearer for the sector. Facing a cash crunch in November, Northvolt filed for Chapter 11 bankruptcy protection in the U.S. as it looked to raise more funds and restructure.

The future of battery manufacturer Northvolt's planned factory in northern Germany has been cast into doubt after the Swedish company filed for bankruptcy on Wednesday. Operations for Northvolt's German subsidiary are to continue,

Crisis-hit Swedish battery maker Northvolt applied for bankruptcy on Wednesday and announced it was working to secure continued production and jobs for those affected.

The bankruptcy of battery cell maker Northvolt, once the leader of Sweden's green industrial boom, is a huge blow to the country's north and particularly the small town of Skelleftea. The town, founded 180 years ago as a mining city to serve the surrounding mineral-rich mountains,

Northvolt has experienced a series of compounding challenges in recent months that eroded its financial position, including rising capital costs, geopolitical instability, subsequent supply chain disruptions,