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.

Tags

TTT
By TT - Translated and adapted by Sweden Herald under license from TT

More news

EU Launches Safety Sweep to
1 MIN READ

EU Launches Safety Sweep to Tackle Dangerous Products Online

WTO Report: Trump's Tariffs Could
1 MIN READ

WTO Report: Trump's Tariffs Could Cut Global Trade by 1.5% by 2025

Record Restaurant Bankruptcies in March
1 MIN READ

Record Restaurant Bankruptcies in March Highlight Industry Struggles

US Retail Sales Surge in
1 MIN READ

US Retail Sales Surge in March, Driven by Car Purchases

Northvolt's Acting CEO Pia Aaltonen-Forsell
1 MIN READ

Northvolt's Acting CEO Pia Aaltonen-Forsell Steps Down

California Challenges Trump's Tariffs in
1 MIN READ

California Challenges Trump's Tariffs in Court, Citing Illegality

Social Democrats Propose Boost in
2 MIN READ

Social Democrats Propose Boost in Support for Single Parents

Autoliv Navigates Trade Tariffs with
3 MIN READ

Autoliv Navigates Trade Tariffs with Strong First-Quarter Performance

Honda Shifts Civic Hybrid Production
1 MIN READ

Honda Shifts Civic Hybrid Production to Indiana Factory

Sandvik Prepares to Boost U.S.
2 MIN READ

Sandvik Prepares to Boost U.S. Production Amid Trade Uncertainty

Viscaria's Copper Mine Clears Final
1 MIN READ

Viscaria's Copper Mine Clears Final Legal Hurdle, Prepares for Reopening

Swedish Industry Leaders Eye Co-Ownership
2 MIN READ

Swedish Industry Leaders Eye Co-Ownership in New Nuclear Venture

Anna-Karin Hatt's Role in Alecta's
3 MIN READ

Anna-Karin Hatt's Role in Alecta's Criticized Investments Under Scrutiny

Record 70% of Mortgages Now
1 MIN READ

Record 70% of Mortgages Now on Variable Interest Rates in Sweden

Skandia Reduces Fixed Mortgage Rates
1 MIN READ

Skandia Reduces Fixed Mortgage Rates Effective April 16

Banks and Industrials Drag Down
1 MIN READ

Banks and Industrials Drag Down Stockholm Stock Exchange

ASML Reports Lower Order Intake
1 MIN READ

ASML Reports Lower Order Intake but Sees Profit Rise in Q1

Trump Joins Japan Tariff Talks
1 MIN READ

Trump Joins Japan Tariff Talks as Negotiations Begin in Washington

EQT Sees Profit Potential Despite
1 MIN READ

EQT Sees Profit Potential Despite Economic Uncertainty

Nordea CEO: Nordic Region Resilient
3 MIN READ

Nordea CEO: Nordic Region Resilient Amid Rising Global Uncertainty

Child Allowance Hits 50-Year Low,
2 MIN READ

Child Allowance Hits 50-Year Low, Covering Just 25% of Costs

Asian Markets Dip as US-China
1 MIN READ

Asian Markets Dip as US-China Trade Tensions Persist

China's Q1 Growth Exceeds Expectations
1 MIN READ

China's Q1 Growth Exceeds Expectations Before Trade War Impact

US Plans Trade Strategy to
1 MIN READ

US Plans Trade Strategy to Encourage Countries to Limit China Ties

Nvidia Faces $5.5 Billion Loss
1 MIN READ

Nvidia Faces $5.5 Billion Loss Due to New China Export Restrictions

Apple Flies 600 Tons of
1 MIN READ

Apple Flies 600 Tons of iPhones to US to Dodge Tariff Hike

Easter Food Prices Rise, but
3 MIN READ

Easter Food Prices Rise, but Discounts Offer Savings Opportunities

EU Approves Alzheimer's Drug Lecanemab
1 MIN READ

EU Approves Alzheimer's Drug Lecanemab for Sale

Canada Eases Tariffs on Certain
1 MIN READ

Canada Eases Tariffs on Certain U.S. Vehicle Imports

Government Seeks Approval for Saab's
1 MIN READ

Government Seeks Approval for Saab's Jet Sales to Denmark and Peru

Wall Street Dips as Boeing
2 MIN READ

Wall Street Dips as Boeing Shares Slide Amid Trade Tensions

Wall Street Opens Steady; Boeing
1 MIN READ

Wall Street Opens Steady; Boeing Drops 2% on Trade Tensions

Polestar Shifts to Local Production
3 MIN READ

Polestar Shifts to Local Production to Navigate Trade Challenges

Hermès Surpasses LVMH as France's
1 MIN READ

Hermès Surpasses LVMH as France's Top Valued Luxury Brand

German Investor Confidence Plummets as
1 MIN READ

German Investor Confidence Plummets as Tariffs Threaten Recovery

Ericsson CEO Explains Dropping 'Diversity'
2 MIN READ

Ericsson CEO Explains Dropping 'Diversity' from Reports