Sweden’s Northvolt AB will shed 20% of its global workforce and pause its expansion plans to slow cash outflows as the battery-making firm confronts a burgeoning financial squeeze.

Northvolt's bankruptcy trustee has received an indicative bid from a foreign interested party for the company's business in ...

USS Mount Whitney arrives in Stockholm, Indian buyer reportedly interested in Northvolt factory, and Sweden lists the elk as ...

Northvolt said that following initial steps taken as part of a strategic review, the company had revised its scope of operations in Sweden "to ensure that its resources are focused on accelerating ...

Northvolt AB today announced that it has filed for bankruptcy in Sweden. It says Northvolt North America is solvent, but what will happen to its massive EV battery plant project in Canada?

Northvolt has taken in some $10 billion in debt and equity financing since its founding, including support from the European Investment Bank, Sweden’s Export Credit Corporation and the Nordic ...

Spurred by Sweden's green boom, described locally as the "Northvolt-effect", Skelleftea grew and invested more per capita than any other municipality in Sweden in 2022, building homes and schools ...

EV battery firm Northvolt has outlined a review of operations in Sweden which will result in the loss of 1,600 jobs. The move comes amid slowing sales of battery electric vehicles (BEVs) in Europe ...

This week, the Northvolt unit managing the expansion of its main battery-cell factory in northern Sweden filed for bankruptcy, saddling suppliers with about 606 million Swedish kronor ($58.3 ...

Sweden’s state-owned pension investors, collectively known as the AP Funds, have fully written down their entire investment in bankrupt battery maker Northvolt AB. The funds had invested 5.8 ...

The strategic action requires Northvolt to reduce its global workforce by around 20% and a 25% reduction in Sweden, the firm said. Get top local stories in Philly delivered to you every morning.