Marie Mannes
Scania tries to breathe life into troubled EV battery maker Northvolt
Four Northvolt workers told Reuters they had seen Scania employees inside the factory in recent months.
Northvolt asks shareholders for $1.3 billion for next two years, sources say
By Marie Mannes, Christina Amann and Emma-Victoria Farr STOCKHOLM/BERLIN/FRANKFURT (Reuters) -Northvolt asked more than 100 shareholders at a meeting this month to provide...
Polestar expects delayed profitability as EV demand weakens, competition intensifies
The company has struggled to scale amid weakening EV demand and intensifying competition from legacy manufacturers.
Northvolt owners vote to stay operating while seeking financial rescue
Northvolt shareholders back restructuring as Swedish battery maker seeks $1B funding to overcome financial struggles.
Northvolt seeks to sell electric industrial battery business by year-end
If Northvolt fails to find a buyer, the firm will have to close due to financial constraints by the end of the year.
Northvolt crisis may be make or break for Europe’s EV battery ambitions
Northvolt’s bankruptcy highlights Europe’s struggle to build a battery industry amid Chinese dominance and slowing EV demand.
Sweden’s Northvolt files for bankruptcy, in blow to Europe’s EV ambitions
Northvolt files for U.S. Chapter 11 bankruptcy, seeking to restructure $5.8B debt while securing $245M to sustain European battery hopes.
Crisis-hit EV battery champion Northvolt struggles to hit production targets
Northvolt, a key player in Europe’s EV battery market, struggles with production, curtails output, and faces financial woes.
Northvolt has considered US bankruptcy protection, sources say
Northvolt has been discussing the possibility of bankruptcy protection in the United States as one of several options for the cash-strapped company to...
Volvo Cars seeks to oust Northvolt from EV battery venture
Volvo seeks Northvolt’s stake in their battery JV NOVO but needs a new partner to maintain gigafactory plans, aiming for 2026 production.
