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Bankrupt battery maker Northvolt will stop production at its last remaining factory in northern Sweden at the end of June if it fails to find a buyer before then.
Scania has been one of Northvolt most vocal backers and biggest customers, and had planned to rely on the manufacturer for batteries for its electric trucks. The truck maker in April agreed to buy ...
Northvolt's $15 billion collapse shook the cleantech industry. Its rival Redwood Materials takes a different approach in several key ways.
Northvolt AB has filed for bankruptcy in Sweden. What will happen to Northvolt North America's massive EV battery plant project in Canada?
Northvolt AB filed for bankruptcy in Sweden, bringing to an end a company that was once seen as the future of Europe’s battery production.
Battery maker Northvolt has filed for bankruptcy in Sweden, dealing a blow to Europe’s battery manufacturing capabilities. The firm said that it had made an “exhaustive effort…to secure a ...
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.
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.
It was also involved in battery recycling. Northvolt’s bankruptcy raises a legitimate question over whether Europe can still — or should even try to — create a domestic battery champion.
Northvolt AB has signalled that its battery production operations will continue as normal, while the company ramps up efforts to find new sources of funds under the US Chapter 11 restructuring ...
Northvolt’s bankruptcy is part of an industry-wide reassessment of the demand for electric vehicle batteries. Companies like BASF and Umicore have pulled back on battery materials investments.
For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse started in June when BMW AG canceled a multi-billion-dollar order.