Cash-strapped battery maker Northvolt AB is working on a plan to raise more than 10 billion kronor ($920 million) to continue ...
Northvolt's financial crisis drives Swedish bankruptcies to record highs, impacting suppliers, investors, and job markets ...
Sweden’s Northvolt AB is likely to complete an expected funding round of about $300 million next week, as the troubled ...
Volvo Cars is seeking to acquire Northvolt's stake in their Swedish battery-making joint venture and would need to find a further investor to keep plans for their gigafactory on track after Northvolt ...
Northvolt has over the years received more than ... It is not clear how much battery-making material it has in stock and what the value of any potential sale could be. In particular, the lithium ...
That amount was seen as carrying the company through to a possible stock-market listing in Sweden in 2025. In recent weeks, Northvolt’s liquidity crisis has mounted, and the company has sharply ...
Northvolt is close to securing a $300 million funding package from a consortium of investors, shareholders and customers to meet short-term requirements amid a slowdown in demand for batteries, a ...
Swedish carmaker Volvo Cars, owned by China's Geely, said Wednesday it was taking full ownership of NOVO Energy -- its joint venture with ailing battery maker Northvolt. The two companies ...
Scottish Mortgage Investment Trust (SMT) has done modestly well in the last two years as many portfolio companies have ...
Northvolt AB is closing in on a $300 million rescue package that includes debt and equity, according to people familiar with the matter, buying time for the cash-strapped Swedish battery maker to ...
Northvolt, the Swedish battery manufacturer, is holding talks with investors and lenders to secure around $218 million in short-term funding. Credit: Ralf - adobe.stock.com The company, which is ...
LONDON/BERLIN/STOCKHOLM (Reuters) - Northvolt is in talks with investors and lenders to secure about 200 million euros ($218 million) in short-term funding, three sources familiar with the matter ...