Northvolt AB files Chapter 11

Chad Elmore Managing Editor, Power Progress

26 November 2024

CEO steps down, subsidiaries in Germany, Canada not included

Stockholm, Sweden-based Northvolt AB has entered a new phase in its journey to become a global battery manufacturer. It has filed for Chapter 11 reorganization in the United States, a move it said will provide it with financing to focus on operational improvements while allowing for restructuring, reorganization,…

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