Northvolt needs $1.2bn to continue operations. It’s a telling number after the Swedish battery manufacturer secured $15bn in funding, which has delivered none of its promised battery capacity ...

Europe’s “green dream” Northvolt has filed for bankruptcy protection in the US after a rescue package failed to go through, leaving the battery maker with just one week’s worth of cash ...

Following battery start-up Northvolt’s US bankruptcy filing (under Chapter 11 for reorganisation) the company announced that Peter Carlsson will step aside from his role as CEO. However ...

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 ...

One of the people said the writedowns would have no impact on Volkswagen's annual results, pointing to the fact that writedowns on the carmaker's Northvolt stake had already been made prior to the ...

BERLIN (Reuters) -Volkswagen, Northvolt's top shareholder, has significantly written down its 21% stake in the Swedish battery cells maker that filed for bankruptcy protection in the United States ...

At the end of 2023, Volkswagen reported the book value of its shareholding in Northvolt at €693m. Credit: THINK A/Shutterstock. The writedown reflects the challenges faced by Northvolt ...

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 ...

COPENHAGEN, Nov 20 (Reuters) - Northvolt has appointed restructuring expert Paul O'Donnell to oversee the lithium-ion battery maker's main facility in northern Sweden, a company spokesperson said ...

The chief executive of Northvolt stepped down on Friday, shortly after the Swedish battery maker filed for Chapter 11 bankruptcy protection in the U.S. Peter Carlsson, who co-founded Northvolt and ...

Contemporary Amperex Technology Co. Ltd., the world’s largest manufacturer of electric car batteries, has no plans to invest in stricken Swedish peer Northvolt AB, the Chinese company’s co ...

CATL (Contemporary Amperex Technology Co. Ltd.) is the world leader in batteries for electric vehicles. Swedish company Northvolt is reportedly in talks with several Chinese battery manufacturers ...