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 ...

Northvolt, a major Swedish battery maker, filed for bankruptcy in the U.S., seeking to restructure the debt it had taken on to pay for its rapid expansion. Stockholm-based Northvolt said it had ...

Beleaguered Swedish battery manufacturer Northvolt announced on Thursday that it was filing for bankruptcy in the U.S., striking a blow to Europe’s ambitions for homegrown lithium-ion batteries.

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With only $30 million — one week’s cash — left in its accounts, Sweden’s onetime battery wonder Northvolt filed for bankruptcy protection in the US. It’s a rough wake-up call for Europe ...

The company’s woes are symptomatic of a wider malaise among companies that make batteries for electric vehicles. By Jack Ewing and Melissa Eddy Jack Ewing reported from New York and Melissa Eddy ...

Previously, he was a reporter for the Financial Times. The collapse of battery startup Northvolt AB is a significant blow to Europe’s clean tech ambitions, but it’s important the continent ...

STOCKHOLM, Nov 22 (Reuters) - Sweden's Northvolt said on Thursday it will seek U.S. Chapter 11 bankruptcy protection as the cash-strapped battery start-up seeks to sort out its finances.

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 company ran into big problems with production at a time when demand for EVs slumped. In a huge blow to Europe’s plan to set up its own battery industry to power electric cars, Peter Carlsson ...

Northvolt AB filed for bankruptcy protection in the United States after failing to secure a lifeline for its battery-cell business in a faltering market for electric vehicles. The Swedish company ...

Nov. 7, 2024 — Scientists are developing a formula for success -- by studying how a new type of battery fails. The team's goal is the design for long-term storage of wind and solar energy ...