Nothvolt number one and number two shareholders, namely Volkswagen and Goldman Sachs, will write down their stake in the ...

Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars, ...

STORY: Northvolt’s financial collapse could spell the end of Europe’s ambitions to set up its own battery industry to power ...

For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse started in June when BMW AG canceled a multi-billion-dollar order.Most Read ...

Volkswagen and Goldman Sachs write off stakes in Northvolt due to missed production targets, resulting in significant ...

Struggling Swedish EV battery maker Northvolt filed for U.S. Chapter 11 bankruptcy protection on Thursday after failing to establish a funding ...

Goldman Sachs has a smudge on its face when it comes to electric vehicle batteries. The storied Wall Street giant was a major ...

Plus, Northvolt’s bankruptcy leads to investor losses and Blackstone teams up with energy giant in new financing deal ...

Peter Carlsson, the CEO and co-founder of Northvolt, quit the company last week and in doing so revealed that it needed a ...

At the end of 2023, Volkswagen reported the book value of its shareholding in the Swedish firm at 693 million euros (USD 726 ...

Volkswagen has substantially written down its 21% stake in Northvolt, a Swedish battery cell manufacturer, reported Reuters.

Volkswagen has written down the majority of its 21 per cent stake in Northvolt over the past year ahead of the Swedish ...