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Northvolt AB

  • Tuesday, 8 October, 2024
    Northvolt subsidiary files for bankruptcy

    Move is part of lossmaking company’s attempt to stave off financial collapse

    Northvolt’s logo on a sign outside the company’s Västerås plant in Sweden
  • Thursday, 26 September, 2024
    Northvolt to be served ‘suspicion of gross manslaughter’ notice over worker death

    Move from Swedish prosecutors comes as the battery start-up struggles to raise fresh capital

    Northvolt Ett factory in Skelleftea, north Sweden
  • Monday, 23 September, 2024
    Northvolt to cut more than 20% of jobs in battle for survival

    Europe’s leading battery maker is downsizing as it struggles to build up production amid slowing shift to electric vehicles

    Workers at Northvolt’s gigafactory in Skellefteå, northern Sweden
  • Friday, 20 September, 2024
    FT News Briefing podcast12 min listen
    Europe’s battery darling runs out of juice

    Battery start-up raised more than $15bn but is struggling to secure the funds amid low production

  • Friday, 20 September, 2024
    Due Diligence
    Where you should take DD to lunch Premium content

    Plus, Europe’s great battery hope scrambles to raise funds and an ugly boardroom brawl to kick out a billionaire founder

    People cit at the counter at Sweetings restaurant in City of London
  • Thursday, 19 September, 2024
    News in-depth
    Europe’s great battery hope Northvolt fights for survival

    Swedish start-up struggles to secure funds as it tries to increase production at its gigafactory

    The Northvolt facility in Skelleftea, Sweden
  • Monday, 16 September, 2024
    Swedish PM rules out government rescue of troubled Northvolt

    Battery start-up struggles to gain backing for latest fundraising amid Europe’s slowing take-up of electric vehicles

    A worker outside Northvolt’s gigafactory in Skellefteå, north Sweden
  • Monday, 9 September, 2024
    Electric vehicles
    Northvolt to cut jobs and sell off unit to survive EV chill

    Swedish battery maker has been grappling with factory problems and slowing growth in European EV take-up

    The NorthVolt AB Labs research and development center in Vasteras, Sweden
  • Tuesday, 13 August, 2024
    The Big Read
    Can Sweden deliver its much hyped green energy boom?

    Abundant electricity in the north was supposed to power a new wave of industrialisation. But projects are struggling to scale up

  • Tuesday, 9 July, 2024
    Energy Source
    Northvolt slips at ‘critical’ moment for European battery industry  Premium content

    Region’s great hope in global battery race is pressing the reset button after a series of setbacks

    A Northvolt sign on the outside of its gigafactory
  • Tuesday, 2 July, 2024
    Batteries
    Northvolt considers cutting back aggressive expansion plans

    Europe’s leading battery maker recently lost a $2bn BMW contract as it struggles to produce at scale

    Northvolt chief Peter Carlsson at its battery factory in Skellefteå, Sweden
  • Wednesday, 6 March, 2024
    Hennes & Mauritz
    H&M and Northvolt investor fund startup to cut fashion industry emissions

    World’s second-largest fashion retailer agrees to buy half of its recycled polyester supplies from new venture to revolutionise textile

    Pedestrians and shoppers walk past a branch of fashion retailer H&M in central Stockholm
  • Tuesday, 16 January, 2024
    Batteries
    Northvolt confirms $5bn debt financing round

    Europe’s leading battery maker raises the region’s largest green loan cementing its position as its best funded start-up

    The Northvolt Ett plant in Skelleftea, Sweden
  • Monday, 8 January, 2024
    EU state aid
    EU approves €902mn in German state aid for battery maker Northvolt

    Cash is first use of rule for strategic projects that allows governments to match subsidy offers from outside bloc

    EU competition commissioner Margrethe Vestager, left, and Germany’s economy minister Robert Habeck at a press conference in Brussels on Monday
  • Friday, 15 December, 2023
    Two die in separate accidents at Northvolt gigafactory in Sweden

    Incidents cast shadow over Europe’s leading start-up in sector

    A worker at the site of the Northvolt factory in Skellefteå, Sweden
  • Friday, 24 November, 2023
    News in-depth
    Peter Carlsson, Northvolt’s battery revolutionary

    Head of group seeking to be Europe’s first homegrown champion in the sector is not your average Swedish CEO

    Peter Carlsson
  • Tuesday, 21 November, 2023
    Batteries
    Northvolt in new sodium-ion battery breakthrough

    Swedish start-up has developed an energy storage technology with no critical minerals including lithium which could minimise reliance on China

    People work on Northvolt sodium-ion cells
  • Monday, 23 October, 2023
    Northvolt plans Stockholm listing for potential $20bn IPO

    Battery maker could go public as soon as next year in one of the largest IPOs for a European company in recent years

    Workers at the Northvolt gigafactory near Skellefteå, Sweden
  • Thursday, 28 September, 2023
    Northvolt to build battery gigafactory in Canada

    Swedish start-up to tap generous subsidies for its first such plant outside Europe

  • Tuesday, 22 August, 2023
    Batteries
    Northvolt secures investment from BlackRock

    Swedish battery start-up raises €1.2bn in convertible bonds as it prepares gigafactory expansion

    Employees work at a Northvolt facility in Sweden
  • Tuesday, 20 June, 2023
    Northvolt receives $400mn funding from Canadian pension fund

    Investment Management Corporation of Ontario to boost Swedish battery start-up’s international expansion

    Two Northvolt staff in discussion in a room full of scientific equipment
  • Friday, 12 May, 2023
    Northvolt to build German battery factory after Berlin pledges state aid

    Government support for ‘flagship project’ unlocks big investment by Swedish start-up

    Northvolt’s research and development centre in Sweden
  • Thursday, 4 May, 2023
    Batteries
    Chinese group Putailai to build Europe’s largest anode factory in Sweden

    The $1.3bn plant is the latest Asian-owned facility that has set up shop in the Nordic country

    A Northvolt facility
  • Monday, 27 March, 2023
    Lex
    Northvolt: battery maker’s volting ambition needs heavy backing Premium content

    The Swedish business with plans to build four gigafactories is a young company in a hurry

    The Northvolt research and development centre in Vasteras, Sweden
  • Sunday, 26 March, 2023
    Batteries
    Northvolt in talks to secure $5bn to become Europe’s biggest battery maker

    Swedish start-up has become the main European challenger to the big Asian companies that dominate the industry

    The NorthVolt AB Labs research and development center in Vasteras, Sweden
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