Sweden Seeks New Investors for Bankrupt Northvolt Battery Firm

Business Sweden is to find possible owners and investors for bankrupt Northvolt on behalf of the government.

» Updated: April 02 2025

» Published: March 28 2025

Sweden Seeks New Investors for Bankrupt Northvolt Battery Firm
Photo: Henrik Montgomery/TT

Share this article

In the wake of Northvolt's bankruptcy, Sweden's export and investment council (Business Sweden) has been assigned a new government mission.

Business Sweden will offer dialogue and promote cooperation between potential owners, investors, and stakeholders in the business community.

The hope is to be able to continue the development and production of batteries in Sweden.

"It is of strategic interest for Sweden to find as good a solution as possible", says Energy and Business Minister Ebba Busch (KD) in a comment.

At the same time, it is emphasized that the work should be in line with the trustee's wishes.

The government has also decided to allocate one million kronor to the County Administrative Board of Västerbotten to strengthen its work due to Northvolt's bankruptcy.

Tags

Author

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

More news

US Stock Market Rises Despite Urban Outfitters' Sharp Decline
1 MIN READ

US Stock Market Rises Despite Urban Outfitters' Sharp Decline

Swedish Hemp Cultivation Doubles, Reaches Record Levels
1 MIN READ

Swedish Hemp Cultivation Doubles, Reaches Record Levels

Opposition Criticizes Swedish Government's 2026 Budget as Desperate Move
2 MIN READ

Opposition Criticizes Swedish Government's 2026 Budget as Desperate Move

Sweden Can Afford Economic Investments Says Swedbank Economist
2 MIN READ

Sweden Can Afford Economic Investments Says Swedbank Economist

Fed Board Member Lisa Cook Sues Trump Over Dismissal Attempt
1 MIN READ

Fed Board Member Lisa Cook Sues Trump Over Dismissal Attempt

Svantesson Announces 80 Billion Kronor Budget Initiatives for 2026
2 MIN READ

Svantesson Announces 80 Billion Kronor Budget Initiatives for 2026

Victoria's Secret Boosts Profit Forecast Amid Stock Surge
1 MIN READ

Victoria's Secret Boosts Profit Forecast Amid Stock Surge

US GDP Growth Revised Upwards to 3.3% in Second Quarter
1 MIN READ

US GDP Growth Revised Upwards to 3.3% in Second Quarter

Sweden Faces Unusual Electricity Import as Prices Surge
2 MIN READ

Sweden Faces Unusual Electricity Import as Prices Surge

Embracer's Crystal Dynamics Cuts Staff Following Microsoft Game Cancellation
1 MIN READ

Embracer's Crystal Dynamics Cuts Staff Following Microsoft Game Cancellation

Price Increases Drive Profit Growth for Stockholm Exergi
1 MIN READ

Price Increases Drive Profit Growth for Stockholm Exergi

NCC Secures 7.5 Billion Kronor Contract from Swedish National Grid
1 MIN READ

NCC Secures 7.5 Billion Kronor Contract from Swedish National Grid

Tesla Sales Decline in Europe for Seventh Consecutive Month
1 MIN READ

Tesla Sales Decline in Europe for Seventh Consecutive Month

AI Chip Future Hinges on Nvidia's China Sales Amid US Tensions
3 MIN READ

AI Chip Future Hinges on Nvidia's China Sales Amid US Tensions

Telia and Nordea Shares Decline on Stockholm Stock Exchange
1 MIN READ

Telia and Nordea Shares Decline on Stockholm Stock Exchange

Swedish Economy Sees Slight Growth in August
1 MIN READ

Swedish Economy Sees Slight Growth in August

Absolut Vodka Owner Pernod Ricard Warns of Tariff Impact
1 MIN READ

Absolut Vodka Owner Pernod Ricard Warns of Tariff Impact

Microsoft Employees Fired After Office Break-In Protest
1 MIN READ

Microsoft Employees Fired After Office Break-In Protest

Greenhouse Gas Emissions in Sweden Drop 3.6% in First Quarter
1 MIN READ

Greenhouse Gas Emissions in Sweden Drop 3.6% in First Quarter

Central Bank Warns of Fake Videos Featuring Thedéen on Facebook
1 MIN READ

Central Bank Warns of Fake Videos Featuring Thedéen on Facebook