
Northvolt is a company founded in 2015 and initially called SGF Energy. It was founded by Peter Carlsson, who has a background in Ericsson and Tesla, and the idea is to meet the demand for batteries, primarily in the automotive industry.
The goal is to control the entire chain from mining to finished product. Northvolt has received significant tax support to create job opportunities in green transformation and the construction of, among other things, the factory in Skellefteå.
The 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.
BusinessThe 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.
BusinessThe mining company Talga gets the green light for a graphite mine at Nunasvaara south in Kiruna municipality. The environmental permit comes into legal force since the Supreme Court has decided not to grant leave to appeal. But not everything is quite in place.
BusinessVolvo Cars will exercise its right of redemption to oust crisis-stricken Northvolt from the jointly owned multi-billion project Novo Energy, according to the car manufacturer. This is because Northvolt has breached the shareholders' agreement.
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