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Sweden’s Northvolt Files For Bankruptcy
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.
Sweden’s Northvolt Files For Bankruptcy After Canceled Battery Orders
Northvolt has just $30 million in cash and $5.84 billion in debt, but says it can emerge from restructuring in Q1 2025
Swedish EV battery market Northvolt files for bankruptcy in US
This move is part of a strategic effort to restructure debt, scale operations and secure a sustainable foundation for continued operations.
8h
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 ...
4d
on MSN
Sweden's Northvolt appoints restructuring expert to oversee main facility -report
Northvolt has appointed restructuring expert Paul O'Donnell to oversee the lithium-ion battery maker's main facility in ...
4d
Northvolt Hires Restructuring Expert to Oversee Swedish Plant
Sweden’s Northvolt AB hired restructuring expert Paul O’Donnell to oversee its main factory unit, as time runs short for the ...
devdiscourse
3d
Northvolt's Strategic Move: Chapter 11 Reorganization
Northvolt enters Chapter 11 reorganization to secure $145 million cash collateral and $100 million financing. Operations in ...
Mena FN
3d
Northvolt Takes Major Actions To Support And Enhance Homegrown Battery Production Platform
The Chapter 11 restructuring process in the U.S. is distinct from a bankruptcy or administration proceeding in
Sweden
or many other countries. Importantly, this process will allow
Northvolt
to ...
Sveriges Radio
4d
Northvolt shareholders leave negotiations on emergency funding
Several shareholders are leaving negotiations with the battery manufacturer Northvolt over emergency funding for the company, ...
6d
on MSN
EV battery maker Northvolt hasn't been meeting in-house output goals: report
EV battery developer and maker Northvolt hasn’t met some in-house production goals and has cut output at its battery cells ...
norran
5d
Third Meet and Match sees non-Norrland employers step up
Skellefteå's Meet and Match events are designed to help laid-off Northvolt workers secure new employment. The third event, ...
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