Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars, ...

That project has received hundreds of millions of taxpayer dollars, so many are naturally worried. Northvolt is partly a victim of a context in which there is a global slowdown in demand for ...

Northvolt needs $1.2bn to continue operations. It’s a telling number after the Swedish battery manufacturer secured $15bn in funding, which has delivered none of its promised battery capacity ...

Europe’s ambitions to lead the world in green technologies risk fizzling out in the face of China’s dominance. The outlook is ...

Volkswagen bet big on European-made batteries a few years ago with two massive investments in Northvolt, the Swedish manufacturer. Now the automaker’s €1.4 billion stake is worth less than ...

who only a year ago had been trumpeting Northvolt as a possible IPO candidate, resigned and warned the European Union risks falling behind on green projects. The company needs as much as $1.2 ...

Last week’s bankruptcy filing by once-exulted Swedish battery developer Northvolt starkly revealed how slower demand for electric vehicles is rippling through European industry. But while ...

The following day, co-founder and chief executive Peter Carlsson, who only a year ago had been trumpeting Northvolt as a possible initial public offering (IPO) candidate, resigned and warned the ...

BERLIN (Reuters) -Volkswagen, Northvolt's top shareholder, has significantly written down its 21% stake in the Swedish battery cells maker that filed for bankruptcy protection in the United States ...

At the end of 2023, Volkswagen reported the book value of its shareholding in Northvolt at €693m. Credit: THINK A/Shutterstock. The writedown reflects the challenges faced by Northvolt ...

Europe’s ambitions to lead the world in green technologies risk fizzling out in the face of China’s dominance. The outlook is especially bleak when it comes to electric vehicle batteries, an important ...

Northvolt's financial collapse deals a blow ... At least eight companies have postponed or abandoned EV battery projects in Europe this year, including China's Svolt and joint venture ACC, led ...