Founded in 2017 by two former Tesla executives and with backers including Volkswagen, Goldman Sachs, BlackRock and Siemens, Northvolt grew rapidly as it sought to become a European battery champion, ...

Sweden's Northvolt said on Tuesday that one of its subsidiaries had filed for bankruptcy after the project it was developing ...

Volkswagen AG said it remains a supporter of Northvolt AB’s ramp-up following reports that the German automaker is undecided on financing the battery producer in the near future. “We are in ...

Volkswagen is one of Northvolt's largest investors and is the parent company of Traton. Asked about the setbacks at Northvolt, which unexpectedly decided to shrink operations and cut jobs ...

"Right now the ball is in the court of Northvolt's owners," he said. German auto giant Volkswagen is Northvolt's main shareholder with 21 percent. Since its creation, the Swedish company has ...

Northvolt had attracted billions of dollars of investment from Wall St giants like Goldman Sachs and Blackrock and orders ...

Scania, the Swedish truck manufacturer owned by Volkswagen, has already had to scale back its production of trucks due to Northvolt's failure to deliver the promised supply. BMW has cancelled its ...

Carmakers, including Northvolt’s biggest investor, Volkswagen, have struggled with the economics of electric vehicles (EVs), with some posting losses from their electric divisions. Demand for ...

It has partnerships with a number of major European automakers, including Volkswagen and Volvo. Following a strategic review of its business, Northvolt said it had to take "some difficult ...

BMW is unwilling to invest more in Northvolt, the cash-strapped battery maker that’s seeking fresh funds to stabilise its ...

Volkswagen said it remains a supporter of Swedish battery maker Northvolt's ramp-up following reports that the automaker is undecided on financing the company in the near future. "We are in close ...