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An unnamed foreign stakeholder has expressed interest in acquiring Northvolt, a Swedish battery maker, as confirmed by ...
[Stay on top of transportation news: Get TTNews in your inbox.] Bankrupt battery maker Northvolt AB will stop production at its last remaining factory in northern Sweden at the end of June if it ...
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 ...
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 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 ...
Investing in Northvolt “is not a priority for us,” the German newspaper cited him as saying in an interview published on Saturday. “There’s still a possibility that we can help them on the ...
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 ...