But in the past year all that has unravelled rapidly, leaving Northvolt bankrupt, investors nursing big losses and Europe’s ...

$2.14 billion – that was supposed to be the value of the contract for producing new cells for BMW electric cars. Key word – supposed. German media report that Northvolt is simply "not delivering".

BMW was let down last year when Northvolt couldn't fulfill a $20,000,000 order, and the Porsche 718 Boxster project has been ...

Northvolt's shareholders include Goldman Sachs and BMW as well as customers Volkswagen and Scania. It is not clear which investors were present at the meeting. The two sources said the ...

BERLIN, June 20 (Reuters) - German premium carmaker BMW (BMWG.DE), opens new tab said on Thursday it had cancelled a 2 billion euros ($2.15 billion) order for battery cells for its electric ...

(Bloomberg) -- For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse started in June when BMW AG canceled a multi-billion ...

For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse started in June when BMW AG canceled a multi-billion-dollar order ...

BMW's decision to axe its contract was the result of Northvolt being two years behind on the batteries for that deal, meaning they would be obsolete by the time they would be delivered ...

[Stay on top of transportation news: Get TTNews in your inbox.] Bankrupt battery maker Northvolt AB will continue to operate in Sweden with a staff of 1,700 while its remaining employees will be ...

Yet, things for Northvolt started to go southward. BMW canceled an 2 billion euro order earlier this year, followed by Volkswagen pulling out of the board and significantly reducing its shareholding.

Swedish truck maker Scania acquired Northvolt’s heavy industry business after reaching an agreement with the company’s bankruptcy trustee. A deal had been struck to buy the business earlier ...