Northvolt crisis may be make or break for Europe's EV battery ambitions
Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars, stirring a debate about whether it needs to do more to attract investment as startups struggle to catch up with Chinese rivals.
Northvolt’s Ex-Tesla CEO Quits In EV Battery Bankruptcy Fallout
The CEO of Northvolt, Peter Carlsson, today resigned amongst ongoing fallout from the Swedish EV battery maker’s U.S. Chapter 11 bankruptcy filing.
EV battery maker Northvolt collapses into administration
Swedish electric vehicle (EV) battery developer and manufacturer Northvolt has collapsed into administration, with at least $1bn of investment needed for a rescue deal.
Opinion
Opinion | Northvolt’s Bankruptcy and the EV Crash
Europe’s auto layoffs and Northvolt’s failure are warnings to the U.S. The domestic auto industry last week sent a letter to Donald Trump urging him not to scale back EV “in
EV battery maker Northvolt goes bankrupt
Northvolt, a Swedish maker of lithium-ion batteries that once was valued by venture capitalists at nearly $12 billion, has filed for bankruptcy. Why it matters This is a massive blow to Europe's EV manufacturing goals,
Sweden's Northvolt files for bankruptcy, in blow to Europe's EV ambitions
Northvolt, the Swedish maker of battery cells for electric vehicles, said on Thursday it has filed for Chapter 11 bankruptcy protection in the U.S., dealing a blow to Europe's hopes that its most developed battery player would reduce Western car makers' reliance on Chinese rivals.
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 crisis marks major blow for Europe's EV battery hopes
STORY: Northvolt’s financial collapse could spell the end of Europe’s ambitions to set up its own battery industry to power electric cars. It’s sparked debate over whether the continent needs to do more to attract investment,
Swedish EV battery market Northvolt files for bankruptcy in US
This move is part of a strategic effort to restructure debt, scale operations and secure a sustainable foundation for continued operations.
Europe EV battery maker Northvolt files for bankruptcy protection, Reuters says
Struggling Swedish EV battery maker Northvolt filed for U.S. Chapter 11 bankruptcy protection on Thursday after failing to establish a funding
Northvolt bankruptcy threatens Europe's EV battery ambitions
Sweden’s ambitions of having a strong electric vehicle (EV) battery industry are overshadowed by the financial collapse of battery maker Northvolt. Last month, Northvolt summarily rejected the headhunter’s scheme and filed for Chapter 11 bankruptcy protection in the United States,
An EV-battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash
Northvolt has struggled to boost production at its Swedish battery factory and recently announced 1,600 layoffs amid weak ...
NBC Los Angeles7d
Battery giant Northvolt files for bankruptcy in major setback to Europe's EV ambitions
Northvolt said the reorganization would help it access approximately ... The Stockholm-based business has long been ...