Troubled Northvolt Calls Shareholder Meeting as Time Runs Short
7 hours ago · Sweden's Northvolt is leading an effort to forge a regional champion that can beat rivals from Asia. (Mikael Sjoberg/Bloomberg) (Bloomberg) -- Battery maker Northvolt AB called a shareholder meeting for Wednesday, according to people familiar with the matter, as talks to raise a targeted $300 million in emergency funding reached a critical ...
Northvolt Pays November Tax Bill; Bridge Funding Talks Ongoing
2 days ago · Sweden’s Northvolt AB met its latest financial deadline, paying a tax bill that fell due on Monday as the battery maker works to pull together a bridge financing package. ... Bloomberg News has previously reported that Northvolt was closing in on about $300 million in funding that includes debt and equity. Northvolt spends about $100 million ...
Northvolt CEO Says Long-Term Capital Needs Top $900 Million
Nov 6, 2024 · A Northvolt battery model before a news conference in Montreal, Quebec, Canada, on Thursday, Sept. 28. 2023. Sweden's Northvolt AB said clean power and access to critical raw materials alongside generous subsidies swayed its decision to pick a site close to Montreal for its first electric vehicle battery plant in North America.
Northvolt's $1.5 billion funding guarantee on hold, Swedish debt …
STOCKHOLM, Oct 2 (Reuters) - Swedish battery maker Northvolt's decision last month to scrap a major factory expansion in northern Sweden puts on hold key funding for the company that was agreed...
Northvolt’s Battery Making Boom Fizzles Out in Northern Sweden
Oct 10, 2024 · This week, the Northvolt unit managing the expansion of its main battery-cell factory in northern Sweden filed for bankruptcy, saddling suppliers with about 606 million Swedish kronor ($58.3...
Swedish PM rules out government rescue of troubled Northvolt
Sep 16, 2024 · Sweden’s government has ruled out a financial rescue of Northvolt as the country’s green battery start-up fights for survival. Ulf Kristersson, the centre-right prime minister, said on Monday...
Sweden's Northvolt Crisis Tests Ambitious Green Tech Revolution …
Oct 11, 2024 · Sweden has embarked on a $100 billion effort to remake some of the world’s dirtiest industries. But troubles at battery maker Northvolt, one of the first movers, are sowing doubt the ambitious...
Northvolt raises $5 billion for circular gigafactory
Jan 16, 2024 · Stockholm, Sweden – Northvolt today announced the signing of a $5 billion non-recourse project financing to enable the expansion of Northvolt Ett in northern Sweden. The deal represents the largest green loan raised in Europe to date.
Sweden's Northvolt wants to rival China's battery dominance to …
Jul 1, 2023 · Northvolt's CEO says the key driver behind the startup is to make Europe self-efficient and less reliant on China for supplies.
Northvolt outlines revised scope of operations in Sweden
Sep 23, 2024 · In Västerås, Sweden, programs and expansion will be slowed at Northvolt Labs. The fundamental platforms hosted at Northvolt Labs will be maintained, enabling Northvolt Labs to retain its position as Europe’s leading campus for battery innovation and product development.