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. The funds had invested 5.8 billion ...

STOCKHOLM: Northvolt has held talks with a big industrial company on selling the business that makes electric battery packs for heavy industry, as a lack of funds forces it to try to divest one of ...

GM has signed on as a customer, pledging $19 billion. Northvolt, a Swedish producer of lithium-ion batteries, announced in late September 2023 plans to open its first gigafactory in North America.

Northvolt's controversial bonus scheme for key staff is set to be expanded to workers on the floor in spring. The Swedish battery maker's decision to pay out 5.4 million US dollars in bonuses to ...

The collapse of electric vehicle battery manufacturer Northvolt serves as a cautionary tale about the perils of unchecked ambition and overly aggressive expansion. But it also highlights the learning ...

Chinese premium electric vehicle makers, NIO, Zeekr and Li Auto announced their electric vehicle delivery numbers for the month of January. NIO delivered 13,863 vehicles in January 2025, representing ...

Cerruti will retain his role as chairman of the board of the Canadian entity, the statement said, adding that "Paolo will continue to support the growth and success of Northvolt North America from ...

The report examines how different scenarios regarding Northvolt's future could impact Skellefteå and Västerbotten. These scenarios include a successful restructuring, Northvolt declaring bankruptcy ...

Cerruti’s resignation as CEO will result in several other, but according to the company, temporary changes to the Northvolt North America leadership team. Karen Chang will assume the role of CEO of ...

STOCKHOLM (Reuters) - Truckmaker Scania has stepped in to help Northvolt with the day-to-day running of its flagship plant in northern Sweden, a last-ditch effort to boost quality and output at the ...

Northvolt intends to focus on its primary battery cell production business. Credit: Jeppe Gustafsson/Shutterstock. Swedish EV battery maker Northvolt has reached an agreement with Volvo Cars to ...