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 ...
Sweden's Northvolt has agreed to divest its Systems Industrial division, a key developer and manufacturer of battery systems ...
Company filed for bankruptcy in November Northvolt needs $1.29 billion until 2027, sources say Slightly above the $1-$1.2 bln range given before Asian partner likely needed to rescue company ...
Amid political chaos, the company ditched long-simmering efforts to build a factory from scratch. Now, it’s hunting for an ...
The batteries are used in drill rigs and in construction to power machinery ... In the Chapter 11 filing, Northvolt also disclosed plans to wind down its energy storage business.
Northvolt filed for bankruptcy in the US in November after a bid to secure rescue funding fell short, leaving the company with just one week’s cash and $5.84 billion in debt.
Northvolt Systems Industrial, which makes heavy industry battery systems for Swedish battery maker Northvolt has been sold.
Northvolt asked more than 100 shareholders at a meeting this month to provide $1.29-billion over the next two years to help restore the bankrupt Swedish battery maker’s business, two sources ...
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 ...
STOCKHOLM/BERLIN/FRANKFURT (Reuters) -Northvolt asked more than 100 shareholders at a meeting this month to provide $1.29 billion over the next two years to help restore the bankrupt Swedish ...