The write down reflects the challenges faced by Northvolt, including missed production targets and a slower-than-expected ...

Northvolt number one and number two shareholders, namely Volkswagen and Goldman Sachs, will write down their stake in the ...

But that plan has hit a major snag in the fallout over Swedish battery maker Northvolt filing for bankruptcy. Back in 2022, the Volkswagen subsidiary announced plans to replace the current ...

VWAGY significantly reduces its 21% stake in Northvolt and signs a contract with Novonix to procure synthetic graphite ...

Northvolt’s pitch to potential investors is likely to be that they get an expensive package of battery assets for a knockdown price. Northvolt’s property, plant and equipment were valued at $5.2bn at ...

Europe’s bid to build a homegrown battery industry to break China’s dominance in electric vehicles is failing.

Although not officially confirmed by Porsche, the German automaker's parent company, Volkswagen AG, reportedly contracted the ...

Europe’s vision of building homegrown EV batteries to cut its reliance on China is dying. But China is more than ready to step in where other companies have failed.

A bankruptcy court in the US state of Texas has published an updated list of Northvolt creditors who are not insiders with ...

Northvolt's unsecured creditors include its largest shareholders Goldman Sachs and Volkswagen (ETR: VOWG_p ), whose brands ...

Volkswagen bet big on European-made batteries a few years ago with two massive investments in Northvolt, the Swedish ...