Volkswagen writes down Northvolt stake following bankruptcy filing
The write down reflects the challenges faced by Northvolt, including missed production targets and a slower-than-expected growth in electric vehicle demand in Europe.
Opinion
Northvolt’s Bankruptcy and the EV Crash
Green industrial policy is failing in Europe, a warning to the next Trump Administration.
Northvolt battery plant in Que. to proceed despite bankruptcy filing
Northvolt AB has filed for bankruptcy protection in the United States, but said the move will not jeopardize the manufacturer’s planned electric vehicle battery plant in Quebec—though hundreds of millions of taxpayer dollars invested in the parent company could be lost.
Volkswagen has taken major writedown on Northvolt stake, sources say
Volkswagen , Northvolt's top shareholder, has significantly written down its 21% stake in the Swedish battery cells maker that filed for bankruptcy protection in the United States last week, two people familiar with the matter said.
Northvolt files for bankruptcy—putting the breaks on Europe’s EV dreams
Northvolt transformed in a matter of months from Europe's best shot at a homegrown electric-vehicle battery champion to a struggling company.
Volkswagen wrote down majority of its stake in Northvolt over past year
Volkswagen has written down the majority of its 21 per cent stake in Northvolt over the past year ahead of the Swedish battery maker’s filing for Chapter 11 bankruptcy, according to people close to the German carmaker.
Battery giant Northvolt files for bankruptcy in major setback to Europe's EV ambitions
Swedish battery maker Northvolt filed for Chapter 11 bankruptcy protection in the U.S., delivering a blow to Europe’s electrification ambitions.
Sweden’s Northvolt Files For Bankruptcy After Canceled Battery Orders
Northvolt has just $30 million in cash and $5.84 billion in debt, but says it can emerge from restructuring in Q1 2025
Swedish EV battery market Northvolt files for bankruptcy in US
This move is part of a strategic effort to restructure debt, scale operations and secure a sustainable foundation for continued operations.
Northvolt crisis may be make or break for Europe's EV battery ambitions
By Marie Mannes, Alessandro Parodi and Stine Jacobsen STOCKHOLM/GDANSK (Reuters) - Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars,
Northvolt CEO resigns as Europe's big hope for a battery champion files for bankruptcy
The chief executive of Northvolt stepped down on Friday, shortly after the Swedish battery maker filed for Chapter 11 bankruptcy protection in the U.S.
Northvolt collapse leaves EU taxpayer on the hook for €293m
The Swedish battery maker filed for bankruptcy last week, dashing ambitions for the European electric vehicles sector – and ...
Northvolt CEO steps down, saying group needs up to $1.2 billion
Northvolt's CEO and co-founder Peter Carlsson stepped down on Friday, a day after Europe's biggest hope for an electric ...
DPA International on MSN2d
German minister 'cautiously optimistic' about battery firm Northvolt
German Economy Minister Robert Habeck expressed cautious optimism about the future of financially troubled Swedish electric ...