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 ...
Europe’s electric car revolt claims its biggest scalp yet
Analysts at Rho Motion pared back their predictions for EV sales by a quarter, to 8.3m by 2030. In Europe, home to ...
Goldman Funds to Take $900 Million Hit on Northvolt, FT Reports
The Goldman private equity funds, which together ranked as the second-largest shareholders in Northvolt, plan to write down ...
Reuters on MSN11d
Sweden Has No Plans to Take Stake in Northvolt, Deputy PM Says
STOCKHOLM (Reuters) -The Swedish government does not plan to take a stake in lithium-ion battery maker Northvolt, Deputy ...
Europe EV battery maker Northvolt files for bankruptcy protection, Reuters says
Struggling Swedish EV battery maker Northvolt filed for U.S. Chapter 11 bankruptcy protection on Thursday after failing to establish a funding ...
Reuters5d
Volkswagen has taken major writedown on Northvolt stake, sources say
VW's Northvolt stake had book value of 693 mln euros at end-2023 Pension fund AMF: regularly reviewing holdings in unlisted firms VW will not comment on fallout of Northvolt bankruptcy filing ...