Northvolt said in 2022 it had agreed to buy an old paper mill in Borlange and would turn it into a new gigafactory with a potential annual production capacity of over 100 gigawatt-hours (GWh ...

Sweden’s state-owned pension investors, collectively known as the AP Funds, have fully written down their entire investment in bankrupt battery maker Northvolt AB. The funds had invested 5.8 ...

(Reuters) - Northvolt's co-founder Paolo Cerruti will ... who has played a key role in the company's Canada-based battery gigafactory, Six project — will serve as interim CEO in the transition ...

Northvolt, currently under US bankruptcy protection ... Novo commenced work on its first gigafactory in 2023. The facility will have a capacity of up to 50 GWh per year. Volvo said the latest ...

Amid political chaos, the company ditched long-simmering efforts to build a factory from scratch. Now, it’s hunting for an ...

Investment Management Corp. of Ontario has written down its US$400 million investment in Northvolt AB, the electric vehicle battery maker that filed for bankruptcy protection last year, according to ...

The claims are part of Northvolt's chapter 11 restructuring process in a Texas court, targeting seven Northvolt entities. While some claims lack specific amounts, most range from 250 million to just a ...

"Going forward we will work with Volvo Cars in evaluating a future technological partner for our gigafactory," the spokesperson said. Northvolt has struggled with persistent quality issues and ...

STOCKHOLM: Northvolt has held talks with a big industrial company on selling the business that makes electric battery packs for heavy industry, as a lack of funds forces it to try to divest one of ...

Feb 6 (Reuters) - Volvo Cars will not pay Northvolt any money for its 50% stake in their battery venture Novo Energy that it had agreed to acquire, according to the automaker's quarterly report on ...

Investment Management Corp. of Ontario has written down its $400 million investment in Northvolt AB, the electric vehicle battery maker that filed for bankruptcy protection last year, according to ...