An unnamed foreign stakeholder has expressed interest in acquiring Northvolt, a Swedish battery maker, as confirmed by ...

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. advertisement. Bloomberg.

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.

Northvolt Ett Expansion was created to manage the buildout of a gigafactory in northern Sweden, but that project was shelved as part of a cost-saving plan. Skip to Main Content.

Northvolt’s factory in Skelleftea, Sweden, was established to build state-of-the-art EV batteries using clean energy. NORTHVOLT/via REUTERS. By Yusuf Khan and H. Claire Brown.

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 ...

Northvolt fought to avoid bankruptcy by laying off 1,600 employees in September and selling assets in November from its acquisition of Cuberg. The company was reportedly burning through $100 ...