Northvolt has sold its Systems Industrial division to an unnamed buyer as it continues to streamline its operations ...

Sweden's Northvolt said today it had asked for an extension in its bankruptcy protection process in the US, as the ...

Sweden's troubled battery maker Northvolt has asked for an extension in its Chapter 11 process in the United States.

Northvolt has agreed to sell its industrial battery unit to Swedish truckmaker Scania, as Europe’s troubled battery maker ...

It was Europe's flagship battery production. At least, it wanted to be. The Swedish company Northvolt was placed under ...

Such data made EV manufacturers that had placed orders with Northvolt nervous. In June 2024, BMW canceled an order worth $2 billion due to delays and concerns about the quality of the batteries. Fears ...

Northvolt was presented as the ultimate European batteries in the face of China. Splash! The Swedish company is facing major financial difficulties. Jobs will be lost.

According to Reuters, Northvolt has sold its industrial battery pack division to long-time customer and partner Scania.

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 ...

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world ...

IT services company HCL Technologies (HCLTech) on Thursday announced a collaboration with ChargePoint, a provider of networked charging solutions for electric vehicles, to drive innovation in EV ...