Swedish battery manufacturer Northvolt last week filed for bankruptcy, one day after Ford announced 4,000 job cuts in Europe because of the government-mandated EV transition. Will the next Trump ...
Northvolt was one of the world’s most valuable battery startups. Now it has run out of charge. Over the past week, the Swedish company filed for bankruptcy in the U.S. and said its co-founder ...
Northvolt's US unit files for Chapter 11 bankruptcy protection as CEO Peter Carlsson, who has led the startup since 2016, leaves post in what has become a crisis for the European battery industry.
Beleaguered Swedish battery manufacturer Northvolt announced on Thursday that it was filing for bankruptcy in the U.S., striking a blow to Europe’s ambitions for homegrown lithium-ion batteries.
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 ...