The future has long looked bleak for the Swedish battery manufacturer Northvolt, and now it seems that it could soon be over.
According to Reuters, the company’s management has decided to file for bankruptcy because it has been unable to secure new capital to continue operations.
- After an exhaustive attempt to explore all available means to ens...
The battery manufacturer Northvolt files for bankruptcy
The Swedish battery manufacturer Northvolt has filed for bankruptcy. It has not been possible to raise new capital
FILE PHOTO: A man stands in front of the Northvolt Ett factory in Skellefteå. Northvolt's first battery factory is located in Skellefteå, Sweden. Both this factory and the other factories are now threatened with permanent closure in connection with the bankruptcy filing. (Archive photo). Marie Mannes/Reuters
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