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Interest Grows in Northvolt Assets Amid Bankruptcy Proceedings

There are several speculators who have shown interest in buying the battery factory Northvolt One in Skellefteå and other assets in Northvolt's bankruptcy estate, reports the newspaper Norran, citing Fredrik Sundin, lawyer at Ackordcentralen.

» Published: March 20 2025

Interest Grows in Northvolt Assets Amid Bankruptcy Proceedings
Photo: Jonas Westling/TT

It is actually a fairly large interest. We have been able to identify several interested parties for both Revolt (recycling plant) and Northvolt One, says Fredrik Sundin to the newspaper.

He is one of about 25 people at Ackordcentralen who are currently working with Northvolt's bankruptcy administration.

My hope is that we will have an agreement ready within a month or two, says Sundin.

According to the lawyer, the interested parties are both financial investors and players in the automotive and battery industries. Several have already visited the facilities and more visits are expected in the future.

Sundin adds that the bankruptcy administrator may "hopefully" make a decision on continued operation of Northvolt's business this week – which he believes would facilitate negotiations with potential buyers compared to if a decision is made to stop production.

Northvolt – with nearly 3,000 employees in Skellefteå and hundreds of employees in Västerås and Stockholm – was declared bankrupt by the Stockholm District Court on March 12.

All employees will lose their jobs, as Northvolt as a company will be wound up in the bankruptcy. However, the business and assets in the bankruptcy estate can be sold to new owners, which may open up the possibility for at least some of the laid-off employees to get new jobs.

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By TTThis article has been altered and translated by Sweden Herald

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