VWAGY significantly reduces its 21% stake in Northvolt and signs a contract with Novonix to procure synthetic graphite ...

Volkswagen bet big on European-made batteries a few years ago with two massive investments in Northvolt, the Swedish ...

Volkswagen has substantially written down its 21% stake in Northvolt, a Swedish battery cell manufacturer, following the ...

At the end of 2023, Volkswagen reported the book value of its shareholding in the Swedish firm at 693 million euros (USD 726 ...

Nothvolt number one and number two shareholders, namely Volkswagen and Goldman Sachs, will write down their stake in the ...

Electric-vehicle dreams are crashing into reality, and the latest signs come from Europe. Swedish battery manufacturer ...

Plus, Northvolt’s bankruptcy leads to investor losses and Blackstone teams up with energy giant in new financing deal ...

Established by Volkswagen in 2022, PowerCo is committed to building six battery cell gigafactories by 2030 with a combined ...

Struggling Swedish EV battery maker Northvolt filed for U.S. Chapter 11 bankruptcy protection on Thursday after failing to establish a funding ...

Israeli Prime Minister Benjamin Netanyahu said Tuesday that he would recommend his cabinet adopt a United States-brokered ...

Europe risks losing investments and industrial jobs to countries including the US if the region fails to cut red tape and ...