EU Supports Laid-Off Northvolt Workers With EUR 8.5 Million The EU and Swedish authorities will provide financial aid to laid-off Northvolt workers in Sweden following the battery manufacturer's bankruptcy.
Battery Company Northvolt Files For Bankruptcy After major losses and production issues, the battery company Northvolt has declared bankruptcy in Sweden. The bankruptcy affects the company's factory in Skellefteå, Northern Sweden, among other locations.
Battery Company Northvolt Continues Its Operations After an extraordinary general meeting, the shareholders of Northvolt decided to allow the company to continue its operations for up to eight months.
Northvolt Battery Files For Reorganization in The US To avoid bankruptcy, the troubled battery manufacturer Northvolt is filing for reorganization and bankruptcy protection in the US, in a so-called Chapter 11 process.In addition, CEO and founder Peter Carlsson is stepping down with immediate effect.
The Green Pipe Dreams Torn Asunder by an Arctic Storm Comment: The Swedish battery company Northvolt is heading toward bankruptcy. In that case, it would be a gigantic setback for the European and Arctic investment in the green shift. In addition, it would be the most expensive adult education of all time.
Mass Redundancies at the Battery Producer Northvolt in Sweden 1,600 people are losing their jobs in Northvolt in Sweden. The company announced a downsizing earlier this month.
Financial Struggles for Battery Producer: Closing Parts of Factory in Northern Sweden Battery producer Northvolt has had to implement drastic measures due to its financial situation. It is announcing, among other things, layoffs and the closure of parts of the factory in Northern Sweden.
The Battery Company Freyr Cuts in Giga Arctic Investment The battery company Freyr has decided to cut costs in building the battery factory in Mo i Rana, Northern Norway, next year. "The news of Freyr putting the factory building for battery production on hold in Mo i Rana is sad and severe," says the Chair of the County Government, Sven Øien Eggesvik.
Freyr Stock With Sharp Drop The stock price of Freyr Battery, which wants to develop battery production in Mo i Rana, Northern Norway, has dropped throughout the past year. The price has dropped significantly during this last month.
Freyr Battery Ventures in the US, Delays in Norway While awaiting the Norwegian government's response to the US support package for green industries, Freyr proceeds with the development of Giga Arctic at a measured pace. The battery company informs that they will now develop Giga America in parallel with Giga Arctic.
