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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 ...

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 ...

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 ...

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 ...

STOCKHOLM, Nov 22 (Reuters) - Sweden's Northvolt said on Thursday it will seek U.S. Chapter 11 bankruptcy protection as the cash-strapped battery start-up seeks to sort out its finances.

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.

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 ...

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 ...

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 ...

Northvolt announces plans in September for the $5 billion Northvolt Six battery plant in the Montreal region of Quebec, Canada. It touts a $50 billion order book and almost 6,000 employees. 2024 ...

Northvolt AB filed for bankruptcy protection in the United States after failing to secure a lifeline for its battery-cell business in a faltering market for electric vehicles. We apologize, but this ...