Sources: Northvolt may file for bankruptcy tomorrow
Northvolt will apply for bankruptcy on Wednesday morning if the crisis-stricken company does not receive new capital by then, according to two independent sources for Dagens Nyheter.
Business
Debts in Northvolt's bankruptcy amount to 6.9 billion
The debts in Northvolt Expansion's bankruptcy in October amounted to 6.9 billion kronor – of which 5.7 billion to suppliers. The company's assets amounted to 1.3 billion kronor.
Business
Crisis Expert Paul O'Donnell Becomes Chairman of Northvolt One
The battery manufacturer Northvolt's CEO Peter Carlsson has left the post as chairman of the subsidiary Northvolt Ett, which operates the battery factory in Skellefteå. Carlsson has been replaced by crisis expert Paul O'Donnell, reports the newspaper Di.se with reference to a notification to the Companies Registration Office.
Business
Northvolt sells factory in California
The battery manufacturer Northvolt is selling a factory facility in San Leandro, California, to the American battery company Lyten. No price tag has been disclosed by Northvolt, whose hunt for new billions to address short- and long-term challenges continues.
BusinessTop news
Clear in Skellefteå: 338 officials to be laid off
It is now clear that 338 officials and engineers will be leaving Northvolt in Skellefteå, according to union agreements with the crisis-stricken battery manufacturer. This comes on top of those who were previously forced to leave the company in Västerås and Stockholm.
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