Europe's EV battery dreams shattered: Northvolt's collapse amid rising Chinese competition
Northvolt, once touted as Europe's best bet to challenge Asia's grip on the EV battery market, has filed for bankruptcy in Sweden after failing to secure fresh funding. A court-appointed trustee will now oversee the sale of its assets and subsidiaries.
Swedish battery manufacturer Northvolt filed for bankruptcy on 12 March 2025, bringing an abrupt end to a company once seen ...
Northvolt’s fortunes took a more decisive turn when BMW canceled a $2 billion contract in June 2024. The battery manufacturer ...
Battery cell maker Northvolt has filed for bankruptcy in Sweden, the company said on Wednesday, marking one of the country's ...
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Swedish battery firm Northvolt files for bankruptcyThis move comes amid geopolitical instability, rising capital costs, supply chain disruptions, and shifts in market demand.
STOCKHOLM–Swedish battery maker Northvolt filed for bankruptcy in Sweden after it failed to secure the financial backing ...
The bankruptcy of battery cell maker Northvolt, once the leader of Sweden's green industrial boom, is a huge blow to the ...
Northvolt, a Swedish-based battery maker, filed for bankruptcy in its home country as rising debts defeated one of Europe’s ...
Volkswagen AG’s truckmaker Scania continues to receive cells from Northvolt AB as the Swedish battery maker fights for ...
Northvolt's bankruptcy marks the end of a company that once had promised so much for Europe's battery industry.
Northvolt, the Swedish electric vehicle (EV) battery startup once seen as Europe’s leading hope in the industry, has filed ...
Truckmaker Scania still intends to buy Northvolt's battery pack business despite the Swedish battery maker having declared ...
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