Northvolt number one and number two shareholders, namely Volkswagen and Goldman Sachs, will write down their stake in the ...

(Reuters) -Norwegian aluminium maker Norsk Hydro is no longer investing in its battery and green hydrogen businesses and will ...

Galp said it will not proceed with its Portuguese Aurora project after being unable to find new international partners. The Portuguese oil-and-gas producer said late Tuesday that it has been looking ...

STOCKHOLM - Sweden's financially-strained electric car battery maker Northvolt announced recently the resignation of its CEO Peter Carlsson, hours ...

Established by Volkswagen in 2022, PowerCo is committed to building six battery cell gigafactories by 2030 with a combined annual volume of 240 GWh – enough for about ...

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

Volkswage has significantly written down its 21% stake in Northvolt that filed for bankruptcy protection in the U.S. last ...

Struggling Swedish EV battery maker Northvolt filed for U.S. Chapter 11 bankruptcy protection on Thursday after failing to establish a funding ...

Northvolt CEO Carlsson admitted to overspending and challenges in ramping up production. He stated, “The Chapter 11 filing ...

Northvolt, once regarded as Europe's primary hope for establishing a thriving battery industry for electric vehicles, has ...

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

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