EV Battery Maker Northvolt Files for U.S. Bankruptcy

GALWAY, IRELAND--December 2, 2024--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Swedish electric vehicle (EV) battery maker Northvolt (Stockholm, Sweden) has filed for bankruptcy in the U.S.in an effort to access funds to help stabilize its main European manufacturing operation.

Within this article: Details Northvolt's U.S. bankruptcy, reasons, financial difficulties and job cuts, impact on planned projects