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

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

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

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 ...

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 and Goldman Sachs write off stakes in Northvolt due to missed production targets, resulting in significant ...

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

Europe’s auto layoffs and Northvolt’s failure are warnings to the U.S. The domestic auto industry last week sent a letter to ...