Northvolt’s Battery Making Boom Fizzles Out in Northern Sweden
The crisis at Swedish battery maker Northvolt AB is rippling through communities in the north of the country, where unpaid bills and scrapped projects threaten the livelihoods of suppliers and wage earners alike.
Battery Maker Northvolt Says It Will Be Able to Pay Its Upcoming Taxes
Swedish battery maker Northvolt will be able to pay its taxes that fall due on Oct. 14, it told Reuters on Thursday, putting to bed speculation over whether or not the struggling company would be able to do so.
Swedish battery maker Northvolt says head of Europe's first homegrown gigafactory to step down
It comes shortly after the cash-strapped company announced plans to reduce its workforce by about 25% in Sweden as part of a major cost-cutting drive.
Northvolt to Pay Taxes Monday as Battery Maker Battles Crisis
Northvolt AB intends to pay its taxes that are due on Monday as the troubled Swedish battery maker strives to claw its way out of a cash crisis.
Battery Maker Northvolt Says Head of Main Plant to Step Down
Mark Duchesne, the head of the Northvolt Ett plant since mid-2023, will be replaced on an interim basis by Angeline Bilodeau, the vice president of Northvolt's operations in North America, the company said.
Head of Northvolt’s key gigafactory steps down amid restructuring
Northvolt, the Swedish battery manufacturing giant, announced on Wednesday that the head of its flagship factory, Northvolt Ett, has stepped down with immediate effect. This leadership change comes on the heels of significant financial challenges,
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Berlin says Sweden's Northvolt committed to project in Germany
BERLIN, Oct 11 (Reuters) - The German government is in constant contact with Northvolt, which has emphasized that its ...
Northvolt Scrambles to Land €200 Million in Stop-Gap Funding
Struggling Swedish battery maker Northvolt AB met with multiple stakeholders on Monday as it seeks €200 million ($219 million ...
Northvolt Founder’s Next Big Green Bet Has a Power Problem
Sweden has embarked on a $100 billion effort to remake some of the world’s dirtiest industries. But troubles at battery maker ...
Exclusive: Northvolt seeks to sell redundant battery materials to raise cash, sources say
Sweden's Northvolt is trying to sell off its stockpile of battery-making materials, three sources familiar with the matter ...
Northvolt Subsidiary Files for Bankruptcy After Expansion Plan is Shelved
Northvolt Ett Expansion was created to manage the buildout of a gigafactory in northern Sweden, but that project was shelved ...
Sweden’s Environmental Minister Reiterates No Bail Out For Northvolt
The Swedish government's climate policy has been criticised for scaling back emissions targets. In this interview the ...
Northvolt Subsidiary Files for Bankruptcy After Project Pulled
OSLO (Reuters) -Sweden's Northvolt said on Tuesday that one of its subsidiaries had filed for bankruptcy after the project it ...
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Northvolt's Financial Pivot: Selling Stockpiled Battery Materials
Northvolt, a key player in Europe's EV battery industry, is selling its stockpile of battery materials to stabilize finances ...
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Battery maker Northvolt says head of its main plant to step down
The head of Sweden's Northvolt Ett plant, Mark Duchesne, is stepping down with immediate effect, the Swedish battery maker ...
Northvolt Told $1.5 Billion Loan Guarantee Is Out of Reach
Sweden’s National Debt Office has ruled out activating $1.5 billion in credit guarantees for Northvolt AB that were tied to a ...