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EV, Northvolt

Business Insider on MSN · 20h

An EV-battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash

Northvolt has struggled to boost production at its Swedish battery factory and recently announced 1,600 layoffs amid weak consumer demand for EVs.

Axios World on MSN · 1d

EV battery maker Northvolt goes bankrupt

Northvolt, a Swedish maker of lithium-ion batteries that once was valued by venture capitalists at nearly $12 billion, has filed for bankruptcy. Why it matters This is a massive blow to Europe's EV manufacturing goals,

Fast Company · 1d

Northvolt files for bankruptcy—putting the breaks on Europe’s EV dreams

Northvolt transformed in a matter of months from Europe's best shot at a homegrown electric-vehicle battery champion to a struggling company.

1d

Northvolt’s Ex-Tesla CEO Quits In EV Battery Bankruptcy Fallout

The CEO of Northvolt, Peter Carlsson, today resigned amongst ongoing fallout from the Swedish EV battery maker’s U.S. Chapter ...

NBC Los Angeles3d

Battery giant Northvolt files for bankruptcy in major setback to Europe's EV ambitions

Northvolt said the reorganization would help it access approximately ... The Stockholm-based business has long been ...

1don MSN

Northvolt CEO steps down, says EV maker needs up to US$1.2-billion to restore business

It now needs to raise between $1-billion and $1.2-billion to restore its business, the outgoing CEO told reporters.

2don MSN

Swedish EV battery maker Northvolt files for bankruptcy protection in US

Swedish battery-cell maker Northvolt AB has filed for chapter 11 bankruptcy protection in the US amid a slowing EV market.

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