Northvolt's January Loss of 1.2 Billion

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Northvolt's January Loss of 1.2 Billion
Photo: Henrik Montgomery/TT

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Billion losses for crisis-stricken battery manufacturer Northvolt continue. In January, the loss was 1.2 billion kronor, according to Dagens industri, which has read court documents in the ongoing reconstruction process (chapter 11) in the USA.

The total liabilities amount to nearly 88 billion kronor, almost double the booked assets.

During the period of 21 November–31 December, the loss landed at around 3 billion kronor, with large parts due to write-downs of asset values.

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

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