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.
Northvolt, Volkswagen
Nothvolt number one and number two shareholders, namely Volkswagen and Goldman Sachs, will write down their stake in the ...
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 ...
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 ...
Battery manufacturer Northvolt announced late last week that it would file for Chapter 11 bankruptcy protection in the United ...
The rules are different in private equity. The Financial Times reported over the weekend that Goldman Sachs would write down its $900mn investment in troubled battery maker Northvolt to zero.
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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