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Erik Zsiga
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 Carlsson has been replaced by crisis expert Paul O'Donnell, reports the newspaper Di.
Northvolt in crisis - "Dialogue is ongoing"
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.
Shareholders' Meeting at Northvolt
The battery manufacturer Northvolt called an shareholders' meeting on Wednesday to discuss the financial crisis and attempts to raise more money, reports the news agency Bloomberg with reference to sources with insight. The meeting concerned attempts to secure a rescue package of around 300 million dollars (equivalent to nearly 3.
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.
Volvo Cars wants to buy out Northvolt – breach of contract
Volvo 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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