Aerial view of the 25,000-square meter battery energy storage systems manufacturing facility, in Gdansk, Poland, acquired by ...

Several media outlets recently reported that a first bid had been placed on the “entirety of the bankrupted Northvolt ...

Parts of Northvolt’s factory area is now for sale. Around twenty different market practitioners have shown an interest in the ...

The sale is the latest by Northvolt to divest projects and businesses such as in Poland and Norway, to cut costs and focus on its battery plant in northern Sweden.

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.

Provided the sales go ahead, Northvolt's business would be largely reduced to its battery factory in Skelleftea in northern Sweden and its R&D facility in Vasteraas, close to Stockholm.

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. Northvolt Cuts Workforce to 1,700 as Part of Bankruptcy ...

STOCKHOLM--Northvolt's bankruptcy trustee has received a bid from a foreign investor to take over the entire operation, a bankruptcy trustee told Swedish public radio on Tuesday. The Swedish battery ...

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 ...

Declining EV sales. As one of Europe’s most valuable privately-held tech companies, Northvolt has built a reputation for its advanced battery technology that powers electric vehicles across the ...

Northvolt’s woes are symptomatic of a wider malaise among companies that make batteries for electric vehicles, ... Sales of battery-powered cars in the country grew nearly 45 percent in May, ...

Germany cut EV subsidies last year, hampering sales and weakening demand for Northvolt and other suppliers. Italy is shifting €4.6 billion in funding from the auto industry to defense.