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 ...

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 ...

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 ...

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 ...