Volkswagen , Northvolt's top shareholder, has significantly written down its 21% stake in the Swedish battery cells maker ...

VWAGY significantly reduces its 21% stake in Northvolt and signs a contract with Novonix to procure synthetic graphite ...

Volkswagen bet big on European-made batteries a few years ago with two massive investments in Northvolt, the Swedish ...

Volkswagen and Goldman Sachs write off stakes in Northvolt due to missed production targets, resulting in significant ...

Volkswagen has written down the majority of its 21 per cent stake in Northvolt over the past year ahead of the Swedish ...

The write down reflects the challenges faced by Northvolt, including missed production targets and a slower-than-expected ...

Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars, ...

Established by Volkswagen in 2022, PowerCo is committed to building six battery cell gigafactories by 2030 with a combined annual volume of 240 GWh – enough for about ...

Green industrial policy is failing in Europe, a warning to the next Trump Administration.

Struggling Swedish EV battery maker Northvolt filed for U.S. Chapter 11 bankruptcy protection on Thursday after failing to establish a funding ...

The former Tesla executive said Northvolt had been "like a baby" to him. The company opted for a court-led restructuring after talks with investors and creditors including Volkswagen and Goldman ...

Volkswagen and Goldman Sachs each own about one fifth of its shares. Northvolt said on Friday it needed USD 1.0-USD 1.2 billion in new funds under the restructuring process, which it hopes will ...