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

Volkswagen has substantially written down its 21% stake in Northvolt, a Swedish battery cell manufacturer, following the ...

At the end of 2023, Volkswagen reported the book value of its shareholding in the Swedish firm at 693 million euros (USD 726 ...

STORY: Northvolt’s financial collapse could spell the end of Europe’s ambitions to set up its own battery industry to power ...

Established by Volkswagen in 2022, PowerCo is committed to building six battery cell gigafactories by 2030 with a combined ...

Electric-vehicle dreams are crashing into reality, and the latest signs come from Europe. Swedish battery manufacturer ...

Plus, Northvolt’s bankruptcy leads to investor losses and Blackstone teams up with energy giant in new financing deal ...

Nothvolt number one and number two shareholders, namely Volkswagen and Goldman Sachs, will write down their stake in the ...

For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse started in June when BMW AG canceled a multi-billion-dollar order.Most Read ...

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

Lithium prices were higher the past month. BMI is forecasting a supply shortage starting as early as 2025. Read more to see ...

Europe risks losing investments and industrial jobs to countries including the US if the region fails to cut red tape and ...