In Heide, Germany, a Northvolt battery plant for electric vehicles is under construction and scheduled to open in 2026, despite uncertainty following the bankruptcy of its Swedish counterpart. The ...

When the battery maker filed for bankruptcy in Sweden earlier this month, it had around 5,000 employees. Now, it will employ only about 1,700 people, according to Mikael Kubu, Northvolt’s bankruptcy ...

Northvolt's $15 billion collapse shook the cleantech industry. Its bankruptcy highlights risks in ambitious electric vehicle battery production. Redwood Materials is taking a different approach ...

Bankrupt battery maker Northvolt AB will continue to operate in Sweden with a staff of 1,700 while its remaining employees will be laid off. “Despite significant reductions, it is positive that ...

Credit: Scania. Scania, the truck manufacturing subsidiary of Volkswagen, has agreed to acquire Industrial Division of Northvolt Systems to strengthen its off-road electrification capabilities.

STOCKHOLM (Reuters) - Volkswagen's truckmaker Scania said on Friday it had agreed to buy bankrupt Northvolt's division that makes battery packs for heavy industry, reviving a transaction first ...

Northvolt’s bankruptcy trustee said on Monday it had reached an agreement in principle with key stakeholders in the electric vehicle battery maker for financial guarantees allowing the company ...

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 ...