Northvolt, a Swedish-based company hoping to establish a European industrial base for EV battery production to compete with Chinese battery manufacturers, has filed for Chapter 11 bankruptcy protection in the USA.
Nothvolt is backed by Volkswagen, which invested US$1bn in the company in 2019.
The Chapter 11 restructuring process in the US is distinct from a bankruptcy or administration proceeding in Sweden or many other countries.
The company says moving into Chapter 11 will enable it to...
+86% more
TransportXtra is part of Landor LINKS
© 2025 TransportXtra | Landor LINKS Ltd | All Rights Reserved
Subscriptions, Magazines & Online Access Enquires
[Frequently Asked Questions]
Email: subs.ltt@landor.co.uk | Tel: +44 (0) 20 7091 7959
Shop & Accounts Enquires
Email: accounts@landor.co.uk | Tel: +44 (0) 20 7091 7855
Advertising Sales & Recruitment Enquires
Email: daniel@landor.co.uk | Tel: +44 (0) 20 7091 7861
Events & Conference Enquires
Email: conferences@landor.co.uk | Tel: +44 (0) 20 7091 7865
Press Releases & Editorial Enquires
Email: info@transportxtra.com | Tel: +44 (0) 20 7091 7875
Privacy Policy | Terms and Conditions | Advertise
Web design london by Brainiac Media 2020
