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 ...
Yahoo6h
Northvolt’s collapse countdown started with BMW pulling the plug
In addition to BMW and Volkswagen AG (VOW3.DE), Northvolt’s top investors included Goldman Sachs’s (GS) asset ...
Goldman Sachs takes $1.4b hit on green battery investment
The US bank is the second-largest shareholder in Swedish battery maker Northvolt which has filed for Chapter 11 bankruptcy.
Swedish Battery Maker Northvolt Files for Chapter 11 Protection
Northvolt, a major Swedish battery maker, filed for bankruptcy in the U.S., seeking to restructure the debt it had taken on ...
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, ...
Northvolt CEO steps down, saying group needs up to $1.2 billion
Northvolt's CEO and co-founder Peter Carlsson stepped down on Friday, a day after Europe's biggest hope for an electric ...
Northvolt CEO resigns as battery maker starts multibillion-dollar restructuring
Stockholm-based company pinning recovery hopes partly on Quebec plant as court-monitored restructuring process begins ...
Global Times3h
Media hype over ‘reducing reliance’ undermines development of Europe’s EV industry
The Swedish manufacturer has long been a favorite among Western investors, securing over $15 billion in funding from ...
Northvolt appoints restructuring expert to oversee main battery plant
Northvolt has appointed restructuring expert Paul O'Donnell to oversee the lithium-ion battery maker's main facility in ...