Swedish battery manufacturer Northvolt subsidiary files bankruptcy after gigafactory expansion cancellation.
Northvolt, a Swedish battery manufacturer, announced that its subsidiary Northvolt Ett Expansion AB has filed for bankruptcy following the cancellation of a planned expansion at its gigafactory in northern Sweden. The company is now focused on maintaining its existing operations and engaging with stakeholders despite the setback, with the bankruptcy process overseen by a trustee.
October 08, 2024
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