Mikael Kubu is not averse to selling Northvolt to China

Northvolt's bankruptcy trustee Mikael Kubu is not averse to selling the entire or parts of the business to Chinese investors.

» Updated: March 13 2025

» Published: March 12 2025

Mikael Kubu is not averse to selling Northvolt to China
Photo: Henrik Montgomery/TT

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My assignment as trustee is to sell at the best price for the creditors, he says to Dagens industri.

He also says that there are already several investors and companies that have shown interest in Northvolt, and most of them are foreign. When asked if he can imagine selling to a Chinese investor, he answers yes.

According to Kubu, it may be a question of selling either the entire or parts of Northvolt's operations.

This business can be divided. Many think of the factory in Skellefteå, but the company is so much more. There are also other types of operations that can be divided in different forms, and still continue with the production of battery cells, he says to Dagens industri.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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