VWAGY significantly reduces its 21% stake in Northvolt and signs a contract with Novonix to procure synthetic graphite ...

The write down reflects the challenges faced by Northvolt, including missed production targets and a slower-than-expected ...

At the end of 2023, Volkswagen reported the book value of its shareholding in the Swedish firm at 693 million euros (USD 726 ...

Nothvolt number one and number two shareholders, namely Volkswagen and Goldman Sachs, will write down their stake in the ...

Established by Volkswagen in 2022, PowerCo is committed to building six battery cell gigafactories by 2030 with a combined ...

Volkswage has significantly written down its 21% stake in Northvolt that filed for bankruptcy protection in the U.S. last ...

Peter Carlsson, the CEO and co-founder of Northvolt, quit the company last week and in doing so revealed that it needed a ...

Europe risks losing investments and industrial jobs to countries including the US if the region fails to cut red tape and ...

Swedish battery company Northvolt’s bankruptcy filing could affect Canadian pension plans, even though its subsidiary’s ...

Founded in 2016 by two former Tesla executives, Northvolt managed to win the backing of major financiers and customers, ...

Through the court process, the company will have access to $100 million in debtor in-possession financing from Scania CV AB, ...

Northvolt is bankrupt. But European car companies desperately need its automotive batteries for future production targets.