Northvolt chairman: We pursued every opportunity
12 mars 2025
11:43
Swedish battery giant Northvolt filed for bankruptcy on Wednesday. But it's still unclear what will happen next with the company's operations, executives revealed during a press conference at the company's Stockholm headquarters.
Northvolt's interim chairman Tom Johnstone told a press conference that the company explored every possible avenue to save the business. But despite extensive investor backing, Northvolt failed to secure the financing needed to keep the lights on.
Johnstone says the company will do its best to keep operations running during the bankruptcy process, but offered few details on what will happen to the company's nearly 5,000 employees.