Northvolt crisis may be make or break for Europe's EV battery ambitions
Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars, stirring a debate about whether it needs to do more to attract investment as startups struggle to catch up with Chinese rivals.
EU battery hopes in tatters as Northvolt CEO resigns, company files for bankruptcy
In a huge blow to Europe’s plan to set up its own battery industry to power electric cars, Peter Carlsson resigned as CEO of battery-maker Northvolt on Friday morning, shortly after the company filed for Chapter 11 bankruptcy protection in the U.S.
Nothvolt number one and number two shareholders, namely Volkswagen and Goldman Sachs, will write down their stake in the ...
Volkswagen , Northvolt's top shareholder, has significantly written down its 21% stake in the Swedish battery cells maker ...
12hon MSN
Volkswagen bet big on European-made batteries a few years ago with two massive investments in Northvolt, the Swedish ...
1don MSNOpinion
Green industrial policy is failing in Europe, a warning to the next Trump Administration.
For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse ...
Volkswagen (OTCPK:VWAGY) has taken a major writedown of its 21% stake in the Swedish battery company, Northvolt, Reuters ...
Funds managed by Goldman Sachs will write off nearly $900 million after Swedish lithium-ion battery producer Northvolt filed ...
Some of the company's $5.84 billion debt is owed to the EU. On the programme, we examine the collapse of Swedish battery maker Northvolt, a key player in Europe's push for green energy and electric ...
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