Northvolt’s bankruptcy administrator about selling the factory: 'It gets harder with each passing day'
6 juni 2025
08:29
Swedish battery manufacturer Northvolt, once hailed as a flagship of Europe’s green tech ambitions, is facing mounting difficulties. After announcing the closure of its production facility, the company is now struggling to attract a new buyer.
"There’s still some interest, but it’s getting harder with each passing day," Mikael Kubu, the bankruptcy administrator overseeing the case, tells Impact Loop.
"There’s still some interest, but it’s getting harder with each passing day," Mikael Kubu, the bankruptcy administrator overseeing the case, tells Impact Loop.
In late May, two months after Swedish battery giant Northvolt filed for bankruptcy, the court-appointed administrator Mikael Kubu announced that the company would begin winding down its production – with operations set to halt completely by 30 June.
At the time, there were still glimmers of hope that a buyer might step in to salvage parts of the business. But those prospects now appear to be fading fast. Speaking to Impact Loop on Thursday, Kubu described the odds of a sale as slim: