Northvolt's old premises could be transformed into a power-hungry data center, the largest in Europe - instead of becoming a site for battery manufacturing. This is what journalist and author Gunnar Lindstedt writes in the book "The Northvolt Case".
BusinessThe goal is to produce fossil-free steel. But the road to getting there has been anything but straightforward. The Stegra industrial project, with its facility in Boden, has long been under financial pressure.
BusinessIt took just over six months, but now it's done. Steel manufacturer Stegra has raised 15 billion kronor in a financing round. Wallenberg Investments has taken the lead and contributed the most.
BusinessAfter a 2024 marked by skyrocketing losses, production problems, massive layoffs, and bankruptcy protection, the owner of the battery manufacturer Northvolt will now have their say. An extraordinary general meeting will decide today whether it's time to give up the attempts to save the company.
BusinessThe crisis-stricken battery manufacturer Northvolt - with thousands of employees in Skellefteå and Västerås - is facing yet another day of destiny. The owners are gathering tomorrow to decide on continued operations or liquidation.
BusinessThe crisis-stricken battery manufacturer Northvolt has called its owners to an extraordinary general meeting. At the meeting, which is to take place on January 8, 2025, the owners will confirm that the operations will continue, according to Northvolt's press chief Erik Zsiga.
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.
BusinessThe battery manufacturer Northvolt wants to save the company through a reconstruction in the USA. The company is counting on securing financing through a so-called Chapter 11 process. It must not happen that Europe's first and largest battery factory goes under, says Lorents Burman (S), the chairman of the municipal council in Skellefteå.
BusinessThe battery manufacturer Northvolt's cash reserves need to be replenished. Major lenders are meeting today to discuss a new lifeline, according to the news agency Bloomberg. "The situation for the company is serious", writes Jens Söderblom, press chief at Northvolt owner AMF.
Business1,600 people will be leaving the crisis-stricken battery manufacturer Northvolt. This concerns 1,000 employees in Skellefteå, 400 in Västerås, and 200 in Stockholm. It's incredibly sad to have to announce this, says CEO Peter Carlsson to Ekot.
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