Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars, ...

The Swedish battery maker filed for bankruptcy last week, dashing ambitions for the European electric vehicles sector – and ...

The US bank is the second-largest shareholder in Swedish battery maker Northvolt which has filed for Chapter 11 bankruptcy.

I t was supposed to be a battery pioneer, a symbol of European competitiveness and an example of industrial policy done right ...

Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars, ...

A powerful Swedish company filed for bankruptcy last week, dashing ambitions for a European sector - and leaving significant ...

“We backed several loans of the European Investment Bank to Northvolt battery factory,” European Commission spokesperson Veerle Nuyts told reporters on Monday, adding that the EU’s exposure ...

Northvolt number one and number two shareholders, namely Volkswagen and Goldman Sachs, will write down their stake in the ...

Northvolt AB declared bankruptcy last week, leaving EU taxpayers potentially holding the bag for a staggering €293 million.

which specialises in battery and energy storage technology. Among its USD 5.8 billion in debts, Northvolt owes the European Investment Bank (EIB) some USD 313 million. EIB vice president Thomas ...