The Latest Breaking News from Northvolt

The world's richest man is known for his long list of grievances. Regulations, "woke" culture, AI that isn't his own, people who don't advertise on his social media platform X and Marco Rubio are just some of the things he spends his days stewing about. But one thing really sticks in Elon…

Swedish electric car battery maker Northvolt has filed for bankruptcy in Sweden after failing to secure financing to enable it to continue operations, the struggling company said Wednesday.

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

Stellantis wants to catch up with the burgeoning EV industry by adopting a low-cost mindset as Chinese carmakers.

Sweden's beleaguered electric car battery maker Northvolt said Monday it would cut a quarter of its staff in the country, as it struggles with strained finances and a slowdown in demand.