Northvolt AB was placed under the protection of Chapter 11 of the US Bankruptcy Code, by voluntary petitions for relief. Why ...

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 filed for Chapter 11 bankruptcy protection in the U.S. in November after a bid to secure rescue funding fell short, leaving the company with little cash and $5.8 billion in debt.

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 battery maker's business, two sources ...

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.

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 ...

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 ...

In late 2021, Northvolt began cell production at its first gigafactory, followed by news of a second factory coming to Sweden by 2025. By March 2022, a third gigafactory had been announced for ...

Swedish battery maker Northvolt and Finnish-Swedish forestry company Stora Enso are trying to develop batteries from forestry byproduct lignin, the companies said on Friday. After years of ...

STOCKHOLM, April 18(Reuters) - Truck-maker Scania and battery producer Northvolt on Tuesday said they had developed an electric battery with a lifetime equivalent to that of a truck. The Swedish ...