Northvolt Declares Bankruptcy, Ending Europe's EV Battery Ambitions

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Status of Northvolt's Quebec battery plant unclear amid parent company's bankruptcy

MONTREAL — It's unclear whether Northvolt North America's electric vehicle battery plant project in Quebec will proceed after its parent company filed for bankruptcy in Sweden on Wednesday.

Electrek

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Northvolt files for bankruptcy in Sweden – what now for its $7B Canada EV battery plant?

Northvolt AB today announced that it has filed for bankruptcy in Sweden. It says Northvolt North America is solvent, but what will happen to its massive EV battery plant project in Canada? more…

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Status of Northvolt’s Quebec battery plant unclear amid parent company’s bankruptcy

MONTREAL — It's unclear whether Northvolt North America's electric vehicle battery plant project in Quebec will proceed after its parent company filed for bankruptcy in Sweden on Wednesday.

telex.hu

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The Swedish company lost a two billion dollar order with BMW and has been teetering on the brink of bankruptcy ever since.

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Northvolt bankruptcy strikes blow to Sweden’s northern boom town

STOCKHOLM (Reuters) – The bankruptcy of battery cell maker Northvolt, once the leader of Sweden’s green industrial boom, is a huge blow to the country’s north and particularly the small town of Skelleftea. The town, founded 180 years ago as a mining city to serve the surrounding mineral-rich mountains, had long been in decline when Northvolt decided to build its main factory there in 2017. Northvolt, with its 3,000 workers, is the biggest employ…

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Northvolt was regarded as one of the European hopes of the battery sector, particularly for electric vehicles, in the face of Chinese and Korean giants.