Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

European battery maker Northvolt files for Chapter 11 bankruptcy

25 November 2024
The Northvolt Ett battery gigafactory in Skellefteå

 

Northvolt, a Swedish-based company hoping to establish a European industrial base for EV battery production to compete with Chinese battery manufacturers, has filed for Chapter 11 bankruptcy protection in the USA.

Nothvolt is backed by Volkswagen, which invested US$1bn in the company in 2019.

The Chapter 11 restructuring process in the US is distinct from a bankruptcy or administration proceeding in Sweden or many other countries.

The company says moving into Chapter 11 will enable it to...

+86% more

 

Assistant Road Safety Officer/Engineer x2
Bristol City Council
100 Temple Street Redcliffe Bristol BS1 6AN
BG8: £28,163 - £30,060
Rail Development Manager
South Yorkshire Mayoral Combined Authority
Sheffield
Principal Road Safety Engineer
Bristol City Council
100 Temple Street Redcliffe Bristol BS1 6AN
BG12: £41,511 - £44,711
View all Vacancies
 
Search
 
 
 

TransportXtra is part of Landor LINKS

© 2024 TransportXtra | Landor LINKS Ltd | All Rights Reserved

Subscriptions, Magazines & Online Access Enquires
[Frequently Asked Questions]
Email: subs.ltt@landor.co.uk | Tel: +44 (0) 20 7091 7959

Shop & Accounts Enquires
Email: accounts@landor.co.uk | Tel: +44 (0) 20 7091 7855

Advertising Sales & Recruitment Enquires
Email: daniel@landor.co.uk | Tel: +44 (0) 20 7091 7861

Events & Conference Enquires
Email: conferences@landor.co.uk | Tel: +44 (0) 20 7091 7865

Press Releases & Editorial Enquires
Email: info@transportxtra.com | Tel: +44 (0) 20 7091 7875

Privacy Policy | Terms and Conditions | Advertise

Web design london by Brainiac Media 2020