Europe's EV battery dreams shattered: Northvolt's collapse amid rising Chinese competition
Northvolt, once touted as Europe's best bet to challenge Asia's grip on the EV battery market, has filed for bankruptcy in Sweden after failing to secure fresh funding. A court-appointed trustee will now oversee the sale of its assets and subsidiaries.
Swedish battery manufacturer Northvolt filed for bankruptcy on 12 March 2025, bringing an abrupt end to a company once seen ...
Northvolt’s fortunes took a more decisive turn when BMW canceled a $2 billion contract in June 2024. The battery manufacturer ...
Truckmaker Scania is willing to go ahead with purchasing the only profitable business of bankrupt battery maker Northvolt for ...
The search for a new owner for the troubled $7-billion manufacturing facility south of Montreal is underway, said the federal ...
Volkswagen AG’s truckmaker Scania continues to receive cells from Northvolt AB as the Swedish battery maker fights for ...
The bankruptcy of battery cell maker Northvolt, once the leader of Sweden's green industrial boom, is a huge blow to the ...
Bangladeshi MD Furkanul Islam, 31, holds a master’s degree in AI and robotics.In November, he was laid off by Northvolt. To ...
Sweden’s Northvolt has filed for bankruptcy. It marks the end of Europe’s best hope for competing with car batteries from Asia. Northvolt was once considered Europe’s best funded start-up, but it’s ...
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