Northvolt's operations in Sweden are in danger of winding down as the battery maker navigates bankruptcy. The company has been seeking to stem its cashflow over the past year by closing some units ...

The news reverberated through Skellefteå like a sudden chill: Northvolt, once a symbol of Sweden's green industrial ambition, had filed for bankruptcy. The immediate fallout saw thousands of highly ...

Northvolt filed for bankruptcy in Sweden on March 12, making it one of the country's largest corporate failures and effectively ending Europe's best hope of developing a rival to challenge China ...

The recently announced closure of Northvolt’s battery cell production in Skellefteå, Sweden—set to cease by 30 June 2025—has sparked renewed scrutiny over the company’s future projects. Adding to the ...

Norran English explained this situation in April. The sheer scale of Northvolt's debt, involving 17 different lenders, is a major obstacle. These lenders effectively hold significant ownership of the ...

While production is set to stop by the end of next month, efforts to identify a purchaser for the plant remain ongoing Northvolt AB will stop making cells at its last remaining factory in northern ...

[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 ...

The Northvolt site in Skellefteå, northern Sweden. Northvolt also has premises in Västerås and Stockholm. Photo: Magnus Lejhall/TT Swedish electric car battery maker Northvolt, which filed for ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Northvolt seemed like it had everything going for it. The Swedish industrial start-up was Europe’s ...

STOCKHOLM (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 end of June, ...

Fast growth and several, large-scale factory projects became Northvolt’s undoing as costs ballooned and its debt pile swelled to $5.8 billion. The flagship plant, called Northvolt ETT, had been ...

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 end of June, its trustee said ...