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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.
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.
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
The Local
9h
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 ...
3d
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 ...
autoweek on MSN
22h
Northvolt Files for Bankruptcy, CEO Departs
Back in September
Northvolt
significantly scaled back its expansion plans and suspended cathode active material production ...
NBC Los Angeles
2d
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, ...
4d
Sweden has no plans 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
2d
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
2d
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 ...
4d
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 ...
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