"We continue to be in active dialogue with our stakeholders about the way forward", writes Erik Zsiga.
The announcement comes after last week's reports of failed negotiations in several media outlets and Sveriges Radio Ekot's report this week that several major owners have left the crisis talks.
If Northvolt cannot secure the approximately ten billion kronor needed for the coming year, it may become necessary to apply for bankruptcy or Chapter 11 protection in the USA, according to Zsiga. According to sources, an application may come as early as this week.
Billions from AP funds
Northvolt's largest owner is the German car manufacturer Volkswagen, which is in the midst of a major crisis at home. Number two is the American investment bank Goldman Sachs.
Other major owners include financier Harald Mix, via the investment company Vargas, and Northvolt's co-founder and CEO Peter Carlsson.
Another major owner is four state-owned AP funds, which through the jointly owned company "4 to 1 Investments" have invested 5.8 billion kronor in Northvolt, giving them a 3.7 percent stake.
"4 to 1 Investments closely follows the development of the company and is in ongoing dialogue with the company and its stakeholders. Our starting point is to act to best protect invested values and, as part of that, take responsibility and work for the company's best interests in the long term", writes the company's chairman Jenny Askfelt Ruud in an email to TT.
"Very serious situation"
Among the owners is also Folksamgruppen, which with an investment of 1 billion kronor holds 0.7 percent of Northvolt's shares.
"Northvolt is in a very serious situation and faces major challenges", writes Mats Mehlberg, press officer at Folksamgruppen in an email to TT.
"We can see that the company is working intensively to present solutions to the financial problems, which is positive and absolutely necessary. We are following the situation and have regular talks with representatives of Northvolt and are aware that different paths are being explored", he adds.
Owner AMF has invested 1.9 billion kronor over the years and holds a 2.8 percent stake.
"We continue to participate in the talks, even though we as one of the smaller owners are not in the driver's seat, and do not want to speculate about the likelihood of different outcomes", writes AMF's press chief Jens Söderblom.
Northvolt is currently seeking 10 billion kronor from owners, lenders, and customers to secure its future after a year marked by production problems, layoffs, abandoned projects, sold assets, and the bankruptcy of its subsidiary Northvolt Expansion, with several billion in debt.
The company is also in negotiations with car manufacturer Volvo Cars, which wants to kick Northvolt out of the jointly owned Novo Energy after a breach of contract.
Since its start in 2016, Northvolt has raised a total of 10 billion dollars (equivalent to 110 billion kronor), of which 8 billion dollars in equity and 2 billion dollars in loans, according to Northvolt. The company has simultaneously invested around 60 billion kronor in Sweden, almost all of which has come from private financing.
A green bond loan of 50 billion kronor from earlier this year – with a large number of banks involved and guarantees from the Riksgälden for 80 percent of 15 billion – has not been possible to borrow due to Northvolt not meeting the loan conditions.
