Exclusive: Crisis-hit EV battery champion Northvolt struggles to …
4 hours ago · Company is now only making cells on weekdays. Nov 18 - Embattled green tech player Northvolt has missed some in-house targets and has curtailed production at its battery cells plant in northern ...
Northvolt has considered US bankruptcy protection, sources say
2 days ago · Follow. STOCKHOLM, Nov 15 (Reuters) - Swedish battery maker Northvolt has been discussing the possibility of bankruptcy protection in the United States as one of several options for the cash ...
Exclusive-Crisis-Hit EV Battery Champion Northvolt ... - U.S. News
12 hours ago · The documents show, along with goals for each week, a target to reach 51,000 deliverable cells in one week by the end of 2024. Contacted by Reuters, Northvolt said the targets had been set on Sept ...
Northvolt’s future hangs in balance as bankruptcy looms
1 day ago · Northvolt’s fate is hanging in the balance as the troubled Swedish battery maker considers filing for Chapter 11 protection from creditors or even bankruptcy. People involved in the negotiations ...
Exclusive: Northvolt seeks to sell redundant battery materials to …
LONDON/STOCKHOLM, Oct 10 (Reuters) - Sweden's Northvolt is trying to sell off its stockpile of battery-making materials, three sources familiar with the matter said on Thursday, as the company...
News - Northvolt
Aug 20, 2024 · Northvolt strengthens its Executive Management Team – creates new Chief Transformation Officer role and hires new talent to drive forward its long-term strategy. Pia Aaltonen-Forsell joins as Chief Finance Officer and Matthias Arleth as President Cells.
How Europe’s battery champion descended into crisis
Oct 17, 2024 · Northvolt hired top battery-making talent from Japan and South Korea as it aimed to reduce European dependence on China by developing its own active material and finding new sources of raw...
Northvolt Has Major Obstacles Ahead Even With Bailout In Reach
Oct 18, 2024 · With a $300 million bailout in its sights, Northvolt AB appears to have dodged a major threat to its existence. Yet longer term prospects for the debt-laden battery maker remain fraught.
Northvolt to cut more than 20% of jobs in battle for survival
Sep 23, 2024 · Northvolt will cut more than one in five jobs and suspend the expansion of its main gigafactory as Europe’s leading battery maker fights for survival.
Northvolt Has Been Missing Some Production Goals, Reuters Says
3 hours ago · Dayana Mustak. Northvolt has been missing weekly production goals for shippable cells since early September, Reuters reports, citing internal company documents it has seen. Says Northvolt has curtailed production at its battery cells plant in northern Sweden. Northvolt told Reuters the targets had been set on Sept. 5 and were “long out of ...