Europe’s big hope for homegrown manufacturing has struggled with production at its factory in northern Sweden

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Canada

Northvolt says Quebec battery plant will proceed despite bankruptcy filing

Northvolt AB has filed for bankruptcy protection in the United States, but said the move will not jeopardize the manufacturer's planned electric vehicle battery plant in Quebec — though hundreds of millions of taxpayer dollars invested in the parent company could be lost.

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Northvolt AB filed for bankruptcy protection in the United States after failing to secure a lifeline for its battery-cell business in a faltering market for electric vehicles.

Financial Post

Leon Cooperman

Allianz

Northvolt files for bankruptcy in blow to battery hopes

This will give the indebted battery manufacturer time to save itself. The German construction project in Heide will not be affected, it is said.

Der verschuldete Batteriehersteller gewinnt auf diese Weise Zeit, um sich zu retten. Das deutsche Bauprojekt in Heide sei nicht betroffen, heißt es.

Northvolt beantragt Gläubigerschutz

Sueddeutsche Zeitung

Südwestdeutsche Medien Holding

Munich

Upper Bavaria

Bavaria

Germany

Northvolt applies for creditor protection

Northvolt AB has filed for bankruptcy protection in the United States, but said the move will not jeopardize the manufacturer’s planned electric vehicle battery plant in Quebec.
The Sweden-based parent company and several subsidiaries on Thursday filed for a court-supervised reorganization of its debt and assets under Chapter 11 of the U.S. bankruptcy code.
However, Northvolt said its Canadian subsidiary is financed separately and “will continue…

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The Epoch Times

Epoch Media Group

New York

United States

Northvolt Says Quebec Battery Plant Will Proceed Despite Bankruptcy Filing

MONTREAL — Northvolt AB has filed for bankruptcy protection in the United States, but said the move will not jeopardize the manufacturer's planned electric vehicle battery plant in Quebec.

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Flin Flon

Manitoba

MONTREAL — Northvolt AB is filing for bankruptcy protection in the United States, but says the move will not jeopardize the manufacturer's planned electric vehicle battery plant in Quebec.

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Glacier Media

Here you can find information on the topic of “Financial difficulties”. Read now “Northvolt applies for creditor protection”.

Hier finden Sie Informationen zu dem Thema „Finanzielle Schieflage“. Lesen Sie jetzt „Northvolt beantragt Gläubigerschutz“.

Finanzielle Schieflage: Northvolt beantragt Gläubigerschutz

Zeit Online

Holtzbrinck Publishing Group

Financial difficulties: Northvolt files for creditor protection

Battery manufacturer Northvolt wants to save the company through a restructuring in the US. The company expects to secure financing through a so-called Chapter 11 process. 
"It is impossible for Europe's first and largest battery factory to go wrong," says Lorents Burman (S), chairman of the municipal council in Skellefteå.

Batteritillverkaren Northvolt vill rädda bolaget genom en rekonstruktion i USA. Bolaget räknar med att säkra finansiering genom så kallad Chapter 11-process. 
–Det får inte hända, att Europas första och största batterifabrik går om intet, säger Lorents Burman (S), kommunstyrelsens ordförande i Skellefteå.

Rekonstruktion i USA ska rädda Northvolt

Upsala Nya Tidning

Uppsala

Uppsala County

Sweden

Reconstruction in the US will save Northvolt

The German subsidiary is not affected by the proceedings under American law, it is said. The company does not want to claim any of the German subsidies until the restructuring is completed.

Die deutsche Tochtergesellschaft sei von dem Verfahren nach amerikanischem Recht nicht betroffen, heißt es. Bis der Umbau abgeschlossen ist, will das Unternehmen keine der deutschen Subventionen abrufen.

Battery start-up Northvolt files for bankruptcy protection

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