Bankrupt battery maker Northvolt will stop production at its last remaining factory in northern Sweden at the end of June if it fails to find a buyer before then.

Northvolt asked more than 100 shareholders at a meeting this month to provide $1.29 billion over the next two years to help restore the bankrupt Swedish battery maker's business, two sources ...

Sweden’s Northvolt was once a darling of the battery industry and Europe’s best hope for competing with China’s dominant battery makers.

Northvolt Ett Expansion was created to manage the buildout of a gigafactory in northern Sweden, but that project was shelved as part of a cost-saving plan.

Sweden’s state-owned pension investors, collectively known as the AP Funds, have fully written down their entire investment in bankrupt battery maker Northvolt AB.

(Bloomberg) -- When Northvolt AB’s clean-energy star was on the rise, Sweden’s political class took every opportunity to bask in its glow. Prime Minister Ulf Kristersson called the battery ...

Time is running out for Northvolt’s Swedish operations as potential buyers begin to look elsewhere for battery supplies, and as structural barriers persist.

European battery firm Northvolt said on Monday it would lay off 1,600 workers. The startup, founded by two former Tesla execs, builds batteries for electric vehicles. Northvolt has struggled ...

Volkswagen bet big on European-made batteries a few years ago with two massive investments in Northvolt, the Swedish manufacturer. Now the automaker’s €1.4 billion stake is worth less than ...

This week, the Northvolt unit managing the expansion of its main battery-cell factory in northern Sweden filed for bankruptcy, saddling suppliers with about 606 million Swedish kronor ($58.3 ...

Europe’s “green dream” Northvolt is fighting to keep afloat. The Swedish-owned battery maker is now hoping a fresh injection of millions of dollars from its cofounder will generate a rescue ...

Northvolt faces a legal battle in relation to the death of one of its employees — the latest in a string of setbacks for the EV battery maker.