northvolt

On March 12, the Board of Directors of Northvolt AB announced that it has filed for bankruptcy in Sweden. Ultimately, with limited time and financial resources available, the company was unable to conclude the necessary agreements to secure its future. As pointed out by Northvolt, “the entities Nort...

Swedish battery manufacturer Northvolt has reportedly sold its industrial battery pack division, Northvolt Systems Industrial, to long-time customer and partner Scania. The deal, confirmed by the Swedish truckmaker to Reuters, marks another step in Northvolt’s restructuring efforts as it seeks to st...

Swedish EV battery manufacturer Northvolt is likely to receive short term funds in the next few weeks. According to some media reports quoting insiders from the company (covered by our sister media Sustainable Truck & Van), the above mentioned capital might be enough to pay salaries, although mo...

Northvolt has been forced to restructure its business due to the current challenging environment when it comes to electric mobility in Europe (for instance, sales share of zero-emission heavy trucks (above 12 ton) increased from 0.7% in the first half of 2023 to 1.2% in the first half of 2024). Now,...