Northvolt shareholders back restructuring as Swedish battery maker seeks $1B funding to overcome financial struggles.
By Marie Mannes8 Jan 2025ReutersNorthvolt files for U.S. Chapter 11 bankruptcy, seeking to restructure $5.8B debt while securing $245M to sustain European battery hopes.
By Dietrich Knauth, Marie Mannes and Terje Solsvik21 Nov 2024ReutersSwedish truckmaker Scania will lend Northvolt $100 million as part of the struggling battery maker's U.S. Chapter 11 bankruptcy protection deal.
By Reuters21 Nov 2024ReutersNorthvolt, a key player in Europe’s EV battery market, struggles with production, curtails output, and faces financial woes.
By Marie Mannes18 Nov 2024ReutersNorthvolt announced job cuts, raising fears that Europe's top EV battery hope may falter amid low demand and Chinese competition.
By Anousha Sakoui, Christina Amann and Marie Mannes11 Oct 2024ReutersVolkswagen's Traton aims to boost electric truck sales, grow revenue by 20-40 per cent, and repay debt over the next five years.
By Reuters1 Oct 2024ReutersMajor truck manufacturers say they are ready to go electric, but call for massive investments in charging infrastructure.
By Ilona Wissenbach and Andrey Sychev17 Sep 2024ReutersScania says it is committed to using Northvolt as the truckmaker's single battery supplier despite recent production and delivery problems.
By Reuters16 Sep 2024ReutersNorthvolt's decision to cut jobs and scale back operations raises doubts about Europe's bid for a leading EV battery maker.
By Marie Mannes13 Sep 2024ReutersMeeting Canada’s ambitious net-zero emissions target by 2050 necessitates significant technological, behavioural and systemic changes in the transportation sector, a major contributor to...
By Osman Alp, Maximiliano Udenio and Tarkan Tan30 Mar 2024The ConversationPlease login to like, dislike or bookmark this article.