March 29, 2025

Northvolt

bankruptcy battery manufacturing Climate lithium ion batteries Northvolt Startups Transportation

Battery manufacturer Northvolt nears the end as it files for bankruptcy in Sweden

Northvolt filed for bankruptcy in Sweden on Wednesday, the latest blow to Europe’s attempts to create a battery manufacturing juggernaut that could rival the Chinese giants. Though the Swedish startup has raised more than $14 billion, it has been running short on cash recently. Northvolt filed for Chapter 11 bankruptcy in the U.S. in November. Since

Read More