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Europe had been hoping that Northvolt would reduce Western car makers' reliance on Chinese rivals such as battery maker CATL and EV and battery maker BYD

Swedish battery maker Northvolt files for bankruptcy

Northvolt, the Swedish maker of battery cells for electric vehicles, said today it has filed for bankruptcy in Sweden, bringing to an end Europe's best hope of developing a rival to major Asian EV battery players.

Business • 12 Mar

Northvolt has asked for an extension in its bankruptcy protection process in the US

Northvolt asks for extension of Chapter 11 process

Sweden's Northvolt said today it had asked for an extension in its bankruptcy protection process in the US, as the beleaguered electric car battery maker seeks to restructure its business.

Business • 19 Feb

Northvolt went in a matter of months last year from being Europe's best shot at a home-grown electric-vehicle batter ychampion to seeking Chapter 11 bankruptcy protection

Northvolt to remain in operation while seeking rescue

The owners of Northvolt have today voted to continue operations while the Swedish electric vehicle battery maker seeks to sort out its finances, it said in a statement.

Business • 08 Jan

Northvolt CEO Peter Carlsson has resigned after the company filed for US Chapter 11 bankruptcy protection

Northvolt CEO steps down as company files for bankrupty

Northvolt's CEO and co-founder Peter Carlsson is stepping down, the Swedish maker of battery cells for electric vehicles said today, a day after the group filed for US Chapter 11 bankruptcy protection.

Business • 22 Nov 24

Northvolt last week said it would shrink its operations and cut jobs, sparking fears that Europe's best shot at a home-grown electric vehicle battery champion may stall

Sweden will not take stake in Northvolt, PM says

The Swedish state will not take a stake in battery maker Northvolt and the company's future must be determined by its private owners, Prime Minister Ulf Kristersson told a press conference today.

Business • 16 Sep 24

Northvolt raises $5 billion green loan for expansion

Swedish lithium-ion battery producer Northvolt said it has raised $5 billion in the form of the largest green loan raised in Europe as it seeks to expand its battery factory in northern Sweden.

Business • 16 Jan 24

Northvolt's battery less dependent on rare minerals

Swedish battery group Northvolt said today it had developed a new sodium-ion battery, a technology using less critical minerals which could lessen dependence on China.

Business • 21 Nov 23

Two new gigafactories as Europe lures battery makers

Two electric vehicle battery makers plan to spend around €10 billion on factories in Europe, they said today, a big win in the region's subsidy race with the US.

Business • 12 May 23

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