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Erik Zsiga

Northvolt gets reprieve from US court

Northvolt has been granted a reprieve regarding reporting on the financial situation to the Texas, USA court handling the crisis-stricken battery manufacturer's bankruptcy protection. This is reported by Bloomberg, citing a court decision that the news agency has obtained.

Northvolt gets reprieve from US court

The owners give the green light to Northvolt

The crisis-stricken battery manufacturer Northvolt gets the green light from the owners to continue operating, according to Erik Zsiga, Northvolt's press chief. The decision is made after a 2024 marked by skyrocketing losses, production problems, scrapped major investments, and massive layoffs.

The owners give the green light to Northvolt

The meeting may mark the beginning of the end for Northvolt

After 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.

The meeting may mark the beginning of the end for Northvolt

Another fateful day for Northvolt

The 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.

Another fateful day for Northvolt

Northvolt owners summoned to meeting about the future

The 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.

Northvolt owners summoned to meeting about the future

Green light from the court for crisis-stricken Northvolt

Yet another court hearing about the crisis-stricken battery manufacturer Northvolt was held in Texas on Friday evening, Swedish time. The company got the green light to continue the Chapter 11 process.

Green light from the court for crisis-stricken Northvolt

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 Carlsson has been replaced by crisis expert Paul O'Donnell, reports the newspaper Di.

Crisis Expert Paul O'Donnell Becomes Chairman of Northvolt One

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.

Northvolt in crisis - "Dialogue is ongoing"

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.

Shareholders' Meeting at Northvolt

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.

Northvolt sells factory in California

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.

Volvo Cars wants to buy out Northvolt – breach of contract