Cash-strapped battery maker Northvolt AB is working on a plan to raise more than 10 billion kronor ($920 million) to continue ...

Management of the Swedish electric battery giant is attempting to secure funds to avoid bankruptcy.

Northvolt's financial crisis drives Swedish bankruptcies to record highs, impacting suppliers, investors, and job markets ...

The Swedish battery manufacturer Northvolt could finalise a ‘rescue financing round’ of 300 million dollars by next week. In ...

Sweden’s Northvolt AB is likely to complete an expected funding round of about $300 million next week, as the troubled ...

Volvo Cars is seeking to take over Northvolt's stake in their Swedish battery-making joint venture NOVO but will need a new ...

Northvolt North America CEO Paolo Cerruti suggested the Swedish company may have been too ambitious and reiterated that it ...

Volvo Cars wants to completely take over the battery cell joint venture Novo Energy, which is operated together with Northvolt. The background to this is that Northvolt has failed to fulfil its ...

Swedish carmaker Volvo Cars, owned by China's Geely, said Wednesday it was taking full ownership of NOVO Energy -- its joint venture with ailing battery maker Northvolt.

Volvo had entered the partnership with Northvolt in 2021 with a 50% stake. The companies selected Gothenburg as a location ...

Autumn in Skellefteå has been tumultuous. Northvolt's setbacks, including layoffs for more than 1,000 employees and the ...

A round-up of the main headlines in Sweden on November 7th 2024. You can hear more reports on our homepage or in the app ...