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

It was Europe's flagship battery production. At least, it wanted to be. The Swedish company Northvolt was placed under ...

Northvolt was one of the world’s most valuable battery startups. Now it has run out of charge. Over the past week, the Swedish company filed for bankruptcy in the U.S. and said its co-founder ...

Battery plants under construction in Germany and Canada were left out of the bankruptcy, though the company said these projects will be postponed. Northvolt is also making preparations in case it ...

"Northvolt Germany and Northvolt North America, subsidiaries of Northvolt AB with projects in Germany and Canada, are financed separately and will continue to operate as usual outside of the ...

For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse started in June when BMW AG canceled a multi-billion-dollar order.

Ex-Tesla executive Peter Carlsson is stepping down as Northvolt CEO after the battery maker filed ... [+] for US Chapter 11 bankruptcy protection this week. Photo by Gregor Fischer/Getty Images.

Carlsson became an immediate media darling after he was recruited to the project by green-tech investors Carl-Erik Lagercrantz and Harald Mix early on. Prior to Northvolt, Carlsson had spent four ...

But concerns around Northvolt's financial solvency have also raised questions about a project to which Quebec and Ottawa have pledged $2.4 billion in funding. In September, Northvolt announced it ...