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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
Inside Sweden: Have you been laid off from Northvolt?
He isn't the only one to lose his job (and actually he will remain on the board and take on a role as senior advisor), the more than 1000 people affected by Northvolt's mass redundancies will by now have been formally laid off. Are you one of them? We'd love to hear from you.
electrive
2h
VW and Goldman Sachs write off Northvolt investments
Nothvolt number one and number two shareholders, namely Volkswagen and Goldman Sachs, will write down their stake in the ...
5d
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 ...
NBC Los Angeles
5d
Battery giant Northvolt files for bankruptcy in major setback to Europe's EV ambitions
In a statement published Thursday,
Northvolt
said the company would continue as normal during the restructuring process, ...
1d
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 ...
6d
on MSN
Sweden has no plan to take stake in Northvolt, deputy PM says
The Swedish government does not plan to take a stake in battery maker Northvolt, Sweden's Minister for Energy, Business and ...
devdiscourse
4d
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
4d
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
5d
Northvolt shareholders leave negotiations on emergency funding
Several shareholders are leaving negotiations with the battery manufacturer Northvolt over emergency funding for the company, ...
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