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 11 bankruptcy filing.
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.
Northvolt CEO steps down after bankruptcy filing
Peter Carlsson, co-founder and leader of Northvolt since 2016, will remain as advisor as he quit a day after the firm filed for bankruptcy.
Swedish battery maker Northvolt files for Chapter 11 bankruptcy, disrupting Europe’s EV goals
Northvolt, Europe’s EV battery leader, files for Chapter 11, seeking $245M to restructure and sustain its Swedish gigafactory amid rising competition.
EV Battery Maker Northvolt Seeks Bankruptcy Protection in US
Northvolt has been seen as a cornerstone of European attempts to catch up with China and the United States in the production of battery cells, a crucial component of
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.
Northvolt chief resigns a day after battery maker collapses into bankruptcy
Northvolt’s chief executive has resigned a day after Europe’s big battery hope filed for bankruptcy in the US. Peter Carlsson took responsibility for the dramatic collapse during a town-hall meeting with employees on Friday morning,
Northvolt CEO Peter Carlsson Quits Day After Bankruptcy Filing
Northvolt AB said its chief executive officer, Peter Carlsson, is stepping down as the Swedish battery maker embarks on a restructuring under bankruptcy court protection.
Northvolt CEO steps down after company files for bankruptcy
Northvolt's CEO Peter Carlsson is stepping down, the Swedish maker of battery cells for electric vehicles said on Friday, one day after the group filed for U.S. Chapter 11 bankruptcy protection. "The Chapter 11 filing allows a period during which the company can be reorganised,
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.
U.S. News & World Report6d
Exclusive-Crisis-Hit EV Battery Champion Northvolt Struggles to Hit Production Targets
Hailed as Europe's best chance to weaken China's overwhelming dominance of the electric vehicle (EV) battery market, Northvolt fired a fifth of its global workforce and shrank its operations in ...
This Battery Startup Raised $15 Billion. Then It Went Bust.
Sweden’s Northvolt was once a darling of the battery industry and Europe’s best hope for competing with China’s dominant ...
The Globe and Mail4d
EV battery maker Northvolt appoints restructuring expert to oversee main facility in Sweden
Northvolt has appointed restructuring expert Paul O’Donnell to oversee the lithium-ion battery maker’s main facility in northern Sweden, a company spokesperson said on Wednesday. O’Donnell ...
Seeking Alpha2d
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. The company said in a statement on Thursday that the filing was made in ...
ET Auto5d
Crisis-hit EV battery champion Northvolt struggles to hit production targets
Such production levels contrast with a goal of 100,000 cells per week by year end that the company disclosed to Reuters on Sept. 24 and earlier to employees under its "Path to 100k" roadmap for ...