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, stirring a debate about whether it needs to do more to attract investment as startups struggle to catch up with Chinese rivals.
EU battery hopes in tatters as Northvolt CEO resigns, company files for bankruptcy
In a huge blow to Europe’s plan to set up its own battery industry to power electric cars, Peter Carlsson resigned as CEO of battery-maker Northvolt on Friday morning, shortly after the company filed for Chapter 11 bankruptcy protection in the U.S.
Volkswagen has substantially written down its 21% stake in Northvolt, a Swedish battery cell manufacturer, following the ...
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Europe’s auto layoffs and Northvolt’s failure are warnings to the U.S. The domestic auto industry last week sent a letter to ...
For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse ...
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Northvolt Files for Bankruptcy, CEO DepartsNorthvolt's US unit files for Chapter 11 bankruptcy protection as CEO Peter Carlsson, who has led the startup since 2016, ...
Nothvolt number one and number two shareholders, namely Volkswagen and Goldman Sachs, will write down their stake in the ...
Funds managed by Goldman Sachs will write off nearly $900 million after Swedish lithium-ion battery producer Northvolt filed ...
Some of the company's $5.84 billion debt is owed to the EU. On the programme, we examine the collapse of Swedish battery maker Northvolt, a key player in Europe's push for green energy and electric ...
Battery manufacturer Northvolt announced late last week that it would file for Chapter 11 bankruptcy protection in the United ...
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