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

Volkswagen , Northvolt's top shareholder, has significantly written down its 21% stake in the Swedish battery cells maker ...

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

Swedish battery maker Northvolt seeks Chapter 11 protection in the U.S. due to $5.8 billion debt against a meager $30 million ...

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 ...

Northvolt’s story isn’t just about the big bucks of its big backers. It has doled out some important lessons about what’s ...

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 ...

F EW European startups have attracted as much attention—and none as much capital—as Northvolt. On November 21st the Swedish ...

I t was supposed to be a battery pioneer, a symbol of European competitiveness and an example of industrial policy done right ...

Following Northvolt's bankruptcy filing and the resignation of CEO Peter Carlsson, Volkswagen and Goldman Sachs have announced that they will write off their investments in the Swedish battery cell ...