Northvolt Declares Bankruptcy, Ending Europe's EV Battery Ambitions
- Northvolt, a battery cell maker for electric vehicles, has filed for bankruptcy in Sweden, marking a significant setback for European EV battery development.
- The company's debt exceeded $8 billion as of January 2025.
- This bankruptcy is among the largest in Swedish corporate history, following the fall of Saab Automobile.
- Porsche has started looking for alternative suppliers after Northvolt's bankruptcy announcement.
200 Articles
200 Articles
The news of the week as seen by our head of the political office.
When Northvolt filed for bankruptcy on Wednesday morning, the dream of a European battery factory was effectively extinguished. What remains is a municipality that bet everything. Danish pension funds are also losing money.
Government ‘working hard’ to find buyer for Quebec EV battery gigafactory after Northvolt runs out of road
Canada’s federal government has started an urgent search to find a buyer for Northvolt’s giant battery factory in Quebec, after its Swedish parent company on Wednesday filed for bankruptcy.
Northvolt's Que. Battery Plant Status Unclear Due To Bankruptcy - Canadian Manufacturing
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 Mar. 12. The manufacturer’s Canadian subsidiary says Northvolt AB underwent an “exhaustive effort to secure a viable financial and operational future” but was ultimately unsuccessful. Northvolt North America says it remains solvent and intends to honour its obligations, including …
Northvolt goes bankrupt, Swedish battery maker collapses in Europe
Once hyped as a potential cornerstone for an expanded European battery industry, Swedish battery maker Northvolt on Wednesday announced that it was filing for bankruptcy in its home country. "Like many companies in the battery sector, Northvolt has experienced a series of compounding challenges in recent months that eroded its financial position...
The car battery industry is struggling with the location in Europe. Now Northvolt's insolvency application provides for negative headlines. Previously, S-Volt stopped its major targets in Saarland. The triggers and consequences for the location.
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