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Europe, Northvolt
Northvolt's bankruptcy: The end of Europe's electric dream?
It was Europe's flagship battery production. At least, it wanted to be. The Swedish company Northvolt was placed under bankruptcy protection. The dream thus becomes a nightmare. Founded in 2015 by former Tesla executives and renamed Northvolt in 2017,
Northvolt files for bankruptcy—putting the breaks on Europe’s EV dreams
Northvolt transformed in a matter of months from Europe's best shot at a homegrown electric-vehicle battery champion to a struggling company.
Northvolt, Europe’s Hope for a Battery Champion, Files for Bankruptcy
The company’s woes are symptomatic of a wider malaise among companies that make batteries for electric vehicles.
E&E
2h
EU battery hopes in tatters as Northvolt CEO resigns, company files for bankruptcy
In a huge blow to Europe’s plan to set up its own battery industry to power electric cars, Peter Carlsson resigned as CEO of ...
9m
Volkswagen has taken major writedown on Northvolt stake, sources say
Volkswagen, Northvolt's top shareholder, has significantly written down its 21% stake in the Swedish battery cells maker that ...
NBC Los Angeles
4d
Battery giant Northvolt files for bankruptcy in major setback to Europe's EV ambitions
Swedish battery maker
Northvolt
filed for Chapter 11 bankruptcy protection in the U.S., delivering a blow to
Europe
's ...
21h
Northvolt’s Collapse Countdown Started With BMW Pulling the Plug
For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse ...
Global Times
20h
Media hype over ‘reducing reliance’ undermines development of Europe’s EV industry
The report highlights the swift downfall of
Northvolt
, which, in a matter of months, went from being hailed as
Europe
's ...
U.S. News & World Report
2d
Goldman Funds to Take $900 Million Hit on Northvolt, FT Reports
Northvolt
did not immediately respond to a Reuters request for comment. The group went in a matter of months this year from ...
Yahoo
3d
Battery unicorn Northvolt files for bankruptcy, upending Europe’s industrial plan
Beleaguered Swedish battery manufacturer
Northvolt
announced today that it was filing for bankruptcy in the U.S., striking ...
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