Sweden’s Northvolt Files For Bankruptcy

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
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.
Battery unicorn Northvolt files for bankruptcy, co-founder and CEO resigns
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.
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.
Northvolt crisis may be make or break for Europe's EV battery ambitions
By Marie Mannes, Alessandro Parodi and Stine Jacobsen STOCKHOLM/GDANSK (Reuters) - Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars,
Northvolt chief resigns a day after battery maker collapses into bankruptcy
Northvolt’s chief executive has resigned a day after Europe’s big battery hope filed for bankruptcy in the US. Peter Carlsson took responsibility for the dramatic collapse during a town-hall meeting with employees on Friday morning,
Northvolt CEO Peter Carlsson Quits Day After Bankruptcy Filing
Northvolt AB said its chief executive officer, Peter Carlsson, is stepping down as the Swedish battery maker embarks on a restructuring under bankruptcy court protection.
Northvolt CEO steps down after company files for bankruptcy
Northvolt's CEO Peter Carlsson is stepping down, the Swedish maker of battery cells for electric vehicles said on Friday, one day after the group filed for U.S. Chapter 11 bankruptcy protection. "The Chapter 11 filing allows a period during which the company can be reorganised,
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.

Northvolt, Volkswagen

Yahoo8h
Volkswagen writes down Northvolt stake following bankruptcy filing
Volkswagen has substantially written down its 21% stake in Northvolt, a Swedish battery cell manufacturer, following the ...
Northvolt Collapse Countdown Started With BMW Pullback
For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse ...
NBC Los Angeles5d
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 ...
electrive14h
VW and Goldman Sachs write off Northvolt investments
Nothvolt number one and number two shareholders, namely Volkswagen and Goldman Sachs, will write down their stake in the ...
Goldman funds to take $900 million hit on Northvolt, FT reports
Funds managed by Goldman Sachs will write off nearly $900 million after Swedish lithium-ion battery producer Northvolt filed ...
Sveriges Radio1d
'Mix of emotions' over crisis-hit Northvolt in Skellefteå
Battery manufacturer Northvolt announced late last week that it would file for Chapter 11 bankruptcy protection in the United ...
The Financial Times1d
UPS and Northvolt show the public and private market disconnect
The rules are different in private equity. The Financial Times reported over the weekend that Goldman Sachs would write down its $900mn investment in troubled battery maker Northvolt to zero.