Volkswagen has substantially written down its 21% stake in Northvolt, a Swedish battery cell manufacturer, following the ...

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

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

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

One of the people said the writedowns would have no impact on Volkswagen's annual results, pointing to the fact that writedowns on the carmaker's Northvolt stake had already been made prior to 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.

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 ...

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

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

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

BERLIN (Reuters) -Volkswagen, Northvolt's top shareholder, has significantly written down its 21% stake in the Swedish battery cells maker that filed for bankruptcy protection in the United States ...