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 ...
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Northvolt’s collapse countdown started with BMW pulling the plug
Even then, there was a chance for Northvolt to continue with plans for new battery plants in Germany, Sweden and Canada. In ...
Goldman Funds Take $900 Million Hit on Northvolt, FT Says
Funds managed by Goldman Sachs Asset Management are set to write off almost $900 million on investments in Swedish battery ...
Goldman Sachs takes $1.4b hit on green battery investment
The US bank is the second-largest shareholder in Swedish battery maker Northvolt which has filed for Chapter 11 bankruptcy.
Goldman funds to take $900 million hit on Northvolt, FT reports
The Goldman private equity funds, which together ranked as the second-largest shareholders in Northvolt, plan to write down ...
Europe stocks close higher; UK's FTSE 100 posts best session for three months as sterling, euro slump
European markets are expected to open higher on Friday. The U.K.'s FTSE 100 index is expected to open 33 points higher at ...
Northvolt short circuits Europe’s green ambitions
Northvolt, the Swedish battery maker once hailed as a cornerstone of Europe’s electric vehicle (EV) battery production, has ...
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Northvolt crisis may be make or break for Europe's EV battery ambitions
Europe's biggest hope for an electric vehicle battery champion filed for bankruptcy protection on Thursday after talks for ...
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Northvolt CEO and co-founder Peter Carlsson resigns
STOCKHOLM — Sweden's financially-strained electric car battery maker Northvolt announced recently the resignation of its CEO Peter Carlsson, hours after the company sought bankruptcy protection in the ...