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

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

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

Volkswagen has substantially written down its 21% stake in Northvolt, a Swedish battery cell manufacturer, following the ...

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

Struggling Swedish EV battery maker Northvolt filed for U.S. Chapter 11 bankruptcy protection on Thursday after failing to establish a funding ...

Like other European automakers, Volkswagen faces growing competition from Chinese ... The recent bankruptcy of Northvolt, ...

Volkswagen bet big on European-made batteries a few years ago with two massive investments in Northvolt, the Swedish ...

Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars, ...

Yet analysts believe that if Europe backs off in the battery race now, it risks being even more behind China than it already ...

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Volkswagen , Northvolt's top shareholder, has significantly written down its 21% stake in the Swedish battery cells maker ...