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Volkswagen has substantially written down its 21% stake in Northvolt, a Swedish battery cell manufacturer, reported Reuters.

Yet analysts believe that if Europe backs off in the battery race now, it risks being even more behind China than it already ...

Northvolt transformed in a matter of months from Europe's best shot at a homegrown electric-vehicle battery champion to a ...

Europe’s “green dream” Northvolt has filed for bankruptcy protection in the US after a rescue package failed to go through, leaving the battery maker with just one week’s worth of cash in the account.

Sweden's Northvolt said on Thursday it will seek U.S. Chapter 11 bankruptcy protection as the cash-strapped battery start-up seeks to sort out its finances.

China’s Contemporary Amperex Technology Co. Ltd. is in talks to establish battery recycling operations in Europe, adding to its footprint in the region as the company prepares to start cell production ...

Hailed as Europe's best chance to weaken China's overwhelming dominance of the electric vehicle (EV) battery market, ...

Northvolt acquired the current factory in 2021 as part of its purchase of American Cuberg. Following the closure of a Cuberg-related research and development center in the US last fall and the ...

The startup is acquiring the Northvolt plant to prepare for a much bigger gambit — a $1 billion gigafactory near Reno, Nevada. That facility is projected to begin the first phase of production in 2027 ...