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Sweden’s Northvolt Files For Bankruptcy

TechCrunch on MSN · 2d

Battery unicorn Northvolt files for bankruptcy, co-founder and CEO resigns

Beleaguered Swedish battery manufacturer Northvolt announced on Thursday that it was filing for bankruptcy in the U.S., striking a blow to Europe’s ambitions for homegrown lithium-ion batteries.

Northvolt’s Ex-Tesla CEO Quits In EV Battery Bankruptcy Fallout

The CEO of Northvolt, Peter Carlsson, today resigned amongst ongoing fallout from the Swedish EV battery maker’s U.S. Chapter 11 bankruptcy filing.

Reuters on MSN · 2d

Sweden's Northvolt files for bankruptcy, in blow to Europe's EV ambitions

Northvolt, the Swedish maker of battery cells for electric vehicles, said on Thursday it has filed for Chapter 11 bankruptcy protection in the U.S., dealing a blow to Europe's hopes that its most developed battery player would reduce Western car makers' reliance on Chinese rivals.

Goldman on hook for nearly $900M loss on Northvolt stake

Seeking Alpha on MSN · 1d

Goldman on the hook for nearly $900M loss on Northvolt stake: report

Goldman Sachs (NYSE:GS) will take a nearly $900M hit after Swedish EV battery maker Northvolt filed for chapter 11 bankruptcy protection in the US earlier this week, the Financial Times reported Saturday,

Goldman funds to take $900 million hit on Northvolt, FT reports

Funds managed by Goldman Sachs will write off nearly $900 million after Swedish lithium-ion battery producer Northvolt filed for Chapter 11 bankruptcy earlier this week, Britain's Financial Times reported on Saturday.

Bloomberg L.P. · 1d

Goldman Funds Take $900 Million Hit on Northvolt Stake, FT Says

Funds managed by Goldman Sachs Asset Management are set to write off almost $900 million on investments in Swedish battery maker Northvolt AB, which filed for bankruptcy protection this week, the Financial Times reported,

Northvolt’s collapse countdown started with BMW pulling the plug

(Bloomberg) — For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the ...

2d

Northvolt CEO steps down, saying group needs up to $1.2 billion

Northvolt's CEO and co-founder Peter Carlsson stepped down on Friday, a day after Europe's biggest hope for an electric ...

5h

This Battery Startup Raised $15 Billion. Then It Went Bust.

Sweden’s Northvolt was once a darling of the battery industry and Europe’s best hope for competing with China’s dominant ...

autoweek on MSN1d

Northvolt Files for Bankruptcy, CEO Departs

Northvolt's US unit files for Chapter 11 bankruptcy protection as CEO Peter Carlsson, who has led the startup since 2016, ...

DPA International on MSN1d

German minister 'cautiously optimistic' about battery firm Northvolt

German Economy Minister Robert Habeck expressed cautious optimism about the future of financially troubled Swedish electric ...

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