Besides not giving the desired result, it became a costly story economically. According to documents that the newspaper Affärsvärlden has taken part of, advisors and lawyers have invoiced the company a total of 40.8 million dollars, approximately 400 million Swedish kronor.
In total, it is about 47,000 hours of work during the few months that the process itself took, meaning that the fee has amounted to an average of 860 dollars per hour.
So far, the company has paid approximately 10 million dollars. Affärsvärlden writes, however, that despite Northvolt going bankrupt in Sweden, payment will be made according to American court practice. This is now happening in the form of Scania entering into a co-financing in November, where a certain part is earmarked to pay the advisors' fees.
