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

The company’s woes are symptomatic of a wider malaise among companies that make batteries for electric vehicles. By Jack Ewing and Melissa Eddy Jack Ewing reported from New York and Melissa Eddy ...

Northvolt had about $30 million in available cash, it said in a filing, and $5.84 billion in debt. That figure makes it one of the most indebted companies to file for bankruptcy in the US this ...

Northvolt calls its liquidity situation "dire" Operations to continue during restructuring, expected completion by Q1 2025 Scania lends $100 million for bankruptcy process Nov 21 (Reuters ...

2:45 Legault government grilled over Northvolt following massive layoffs Northvolt AB has filed for bankruptcy protection in the United States, but said the move will not jeopardize the ...

Beleaguered Swedish battery manufacturer Northvolt announced today that it was filing for bankruptcy in the U.S., striking a blow to Europe’s ambitions for homegrown lithium-ion batteries.

STOCKHOLM, Nov. 21, 2024 /PRNewswire/ -- Northvolt AB and certain of its subsidiaries ("Northvolt") voluntarily filed for Chapter 11 reorganization in the United States. By enabling the company to ...

Northvolt said it has only enough cash to support operations for about a week and said it has secured $100 million in new financing for the bankruptcy process. It said operations will continue as ...

Northvolt has been discussing the possibility of filing for Chapter 11 bankruptcy protection in the United States as one of several options for survival, two sources familiar with the matter told ...

Northvolt will continue to operate as usual during the reorganization, similar to other international companies that have used the Chapter 11 process to reorganize their financial obligations. The ...

Northvolt announces in February plans for gigafactory Northvolt Fem in Sweden. This is first meant to be a battery cell factory, then an active cathode material plant. It is cancelled in 2024.

MONTREAL — Northvolt AB has filed for bankruptcy protection in the United States, but said the move will not jeopardize the manufacturer’s planned electric vehicle battery plant in Quebec ...