Northvolt files for bankruptcy: 'An incredibly difficult day'
11 mars 2025
22:30
Battery maker Northvolt has filed for bankruptcy in Sweden after failing to secure the necessary financing to stay afloat.
The company says the decision was made "following an exhaustive effort to explore all available means to secure a viable financial and operational future for the company."
The company says the decision was made "following an exhaustive effort to explore all available means to secure a viable financial and operational future for the company."
Battery manufacturer Northvolt has lost its long fight for survival.
After wrestling with financial challenges for some time, the board on Wednesday filed for bankruptcy in Sweden.