The price of fossil gas in Europe is rising in line with the increasing risk of the flow of Russian gas to the EU via Ukraine being cut off at the turn of the year. The prospects of getting a new Russian-Ukrainian gas agreement in place look difficult.
BusinessNorthvolt's major shareholders are expecting a significant blow in the reconstruction that the crisis-stricken battery manufacturer wants to implement. The largest owner, German Volkswagen (VW), has written down most of the value of its holding, reports Reuters citing sources.
BusinessGermany's Minister of Economy and Vice Chancellor Robert Habeck is "cautiously optimistic" about crisis-stricken Northvolt's plans for a factory in Germany. Northvolt's problems must be taken seriously, but they are technically possible to solve, according to Habeck.
BusinessSubcontractors to the battery manufacturer Northvolt, which last week applied for bankruptcy protection in the USA, have claims totaling 2.5 billion kronor against the company. Eleven Swedish subcontractors are among those affected.
BusinessThe crisis-stricken battery manufacturer Northvolt is considering applying for bankruptcy protection or bankruptcy, according to several media outlets citing sources. "The dialogue about future financing is ongoing," writes the company's press spokesperson Erik Zsiga to TT about the reports.
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