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Business Insider on MSN · 23h

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 consumer demand for EVs.

The Australian Financial Review · 4h

Goldman Sachs takes $1.4b hit on green battery investment

The US bank is the second-largest shareholder in Swedish battery maker Northvolt which has filed for Chapter 11 bankruptcy.

The Wall Street Journal on MSN · 1d

Swedish Battery Maker Northvolt Files for Chapter 11 Protection

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.

The Globe and Mail · 1d

Northvolt CEO resigns as battery maker starts multibillion-dollar restructuring

Stockholm-based company pinning recovery hopes partly on Quebec plant as court-monitored restructuring process begins

IndustryWeek · 1d

EV Battery Maker Northvolt Seeks Bankruptcy Protection in US

Northvolt has been seen as a cornerstone of European attempts to catch up with China and the United States in the production of battery cells, a crucial component of

Seeking Alpha · 2d

Swedish EV battery maker Northvolt files for bankruptcy protection in US

Swedish battery-cell maker Northvolt AB has filed for chapter 11 bankruptcy protection in the US amid a slowing EV market.

17hon MSN

Goldman on the hook for nearly $900M loss on Northvolt stake: report

Goldman Sachs (NYSE:GS) will take a nearly $900M hit after Swedish EV battery maker Northvolt filed for chapter 11 bankruptcy ...

26m

Goldman Funds Take $900 Million Hit on Northvolt, FT Says

Funds managed by Goldman Sachs Asset Management are set to write off almost $900 million on investments in Swedish battery ...

Yahoo Finance9h

Northvolt’s Collapse Countdown Started With BMW Pulling the Plug

In addition to BMW and Volkswagen AG, Northvolt’s top investors included Goldman Sachs’s asset management arm, ...

18h

Goldman Sachs takes $900mn hit on Northvolt investment

US bank is second-largest shareholder in Swedish battery maker which filed for Chapter 11 bankruptcy this week ...

1d

Northvolt crisis may be make or break for Europe's EV battery ambitions

Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars, ...

2don MSN

Northvolt's bankruptcy filing won't affect Quebec battery plant, says economy minister

Quebec Economy Minister Christine Fréchette is reassuring the province following the announcement that Northvolt, the Swedish ...

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