Browsing: Bankruptcy
Electric-truck maker Nikola is reportedly nearing a bankruptcy filing, according to sources cited by the Wall Street Journal. The Arizona-based…
Swedish truckmaker Scania has deployed staff to assist Northvolt’s flagship battery plant in northern Sweden, aiming to improve production quality…
Volvo Cars has signed an agreement to acquire Swedish battery maker Northvolt’s stake in their joint venture, NOVO Energy, the…
Electric truck maker Nikola has seen a fresh wave of executive departures as it postpones its fourth-quarter 2024 earnings report…
Swedish battery manufacturer Northvolt has asked shareholders for $1.29 billion in funding over the next two years to stabilize its…
French electric bike startup Angell has filed for insolvency and plans to pursue judicial liquidation, marking the end of its…
Electric vehicle startup Canoo has filed for Chapter 7 bankruptcy and will cease operations immediately. The company has initiated a…
The U.S. National Highway Traffic Safety Administration (NHTSA) has closed its investigation into 6,971 Fisker Ocean SUVs over concerns about…
Norway’s Hydro (NHY.OL) announced on Monday that it has agreed to acquire the remaining shares in battery recycler Hydrovolt from…
Stockholm-based electric vehicle battery maker Northvolt announced on Wednesday that its shareholders voted to continue operations, providing the company with…
Swedish electric-vehicle battery manufacturer Northvolt announced on Friday that it is in discussions with over 100 lenders and investors to…
Norwegian fuel cell manufacturer Teco 2030 has filed for insolvency, citing an inability to secure the necessary capital to continue…
Europe’s aspirations to build a self-sufficient electric vehicle (EV) battery industry, aimed at reducing reliance on China, are facing significant…
Electric mobility investor Ideanomics has filed for Chapter 11 bankruptcy protection in Delaware, USA, as it seeks a buyer for…
Northvolt Files for Bankruptcy, Risks Impacting European Automakers’ Production Schedules
By Robin Cannon
In a significant setback for Europe’s efforts to reduce dependence on Chinese battery suppliers, Swedish battery manufacturer Northvolt filed for…
Volkswagen, Northvolt’s largest shareholder, has significantly written down the value of its 21% stake in the Swedish battery cell manufacturer…
Funds managed by Goldman Sachs (GS.N) will write off nearly $900 million after Swedish lithium-ion battery producer Northvolt filed for…
Fisker has issued a recall for 7,745 Ocean electric SUVs due to a transmission defect that could cause the vehicle…
Northvolt, the Swedish electric vehicle battery maker, announced on Friday that its CEO and co-founder, Peter Carlsson, is stepping down,…
Canada will not be making further investments in Northvolt, the Swedish electric vehicle battery maker, following its bankruptcy filing in…