The Latest Breaking News from Northvolt

The EV battery firm, backed by Renault and other major investors, warns that support for European firms must remain steadfast — despite the collapse of Sweden’s Northvolt.

Europe wanted to reduce reliance on Chinese-made EV batteries and materials

CATL and Stellantis to invest 4.1 billion euros in a battery factory in Spain for electric vehicles, leveraging renewable energy sources. EU's green transi...

I feel like a broken record at this point, but the electric vehicle race isn't just about cars. It's about who controls the battery supply chain, and thus one of the most crucial energy technologies of tomorrow. As is the case in the U.S., Europe is trying to break free…

Peter Carlsson says $1bn to $1.2bn needed to restore business touted as potential European rival to Asian firms

Swedish-based Northvolt, which was seen as one of Europe’s best shots at fighting off China’s electric vehicle battery supremacy, filed for bankruptcy yesterday. The company said in its Chapter 11 petition filed in the United States Bankruptcy Court for the Southern District of Texas that its “liquidity picture has become…

Plans are further blow to Europe’s hopes of creating a homegrown electric car battery

Northvolt was a shiny new startup with a pretty logo that promised to “make oil history” by making the cleanest electric car battery the world had ever seen. The Swedish company founded in 2016 was seen as a huge driver for Europe’s dream to become carbon neutral, and would drastically…

Government rules out bailout for key project in European green industrial transition as job cuts announced