EU battery hopes in tatters as Northvolt CEO resigns, company files for bankruptcy
In a huge blow to Europe’s plan to set up its own battery industry to power electric cars, Peter Carlsson resigned as CEO of battery-maker Northvolt on Friday morning, shortly after the company filed for Chapter 11 bankruptcy protection in the U.S.
Northvolt’s Ex-Tesla CEO Quits In EV Battery Bankruptcy Fallout
The CEO of Northvolt, Peter Carlsson, today resigned amongst ongoing fallout from the Swedish EV battery maker’s U.S. Chapter 11 bankruptcy filing.
EV battery maker Northvolt collapses into administration
Swedish electric vehicle (EV) battery developer and manufacturer Northvolt has collapsed into administration, with at least $1bn of investment needed for a rescue deal.
Northvolt crisis may be make or break for Europe's EV battery ambitions
Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars, stirring a debate about whether it needs to do more to attract investment as startups struggle to catch up with Chinese rivals.
Northvolt CEO Peter Carlsson steps down one day after bankruptcy filing in U.S.
The CEO and co-founder of battery maker Northvolt, Peter Carlsson, is stepping down after being at the helm of the company since it was founded in 2016.
Northvolt CEO Peter Carlsson Quits After Bankruptcy Filing
Northvolt AB said its chief executive officer, Peter Carlsson, is stepping down as the Swedish battery maker embarks on a restructuring under bankruptcy court protection.
Northvolt files for bankruptcy—putting the breaks on Europe’s EV dreams
Northvolt transformed in a matter of months from Europe's best shot at a homegrown electric-vehicle battery champion to a struggling company.
Northvolt chief resigns a day after battery maker collapses into bankruptcy
Northvolt’s chief executive has resigned a day after Europe’s big battery hope filed for bankruptcy in the US. Peter Carlsson took responsibility for the dramatic collapse during a town-hall meeting with employees on Friday morning,
Northvolt CEO steps down after company files for bankruptcy
Northvolt's CEO Peter Carlsson is stepping down, the Swedish maker of battery cells for electric vehicles said on Friday, one day after the group filed for U.S. Chapter 11 bankruptcy protection. "The Chapter 11 filing allows a period during which the company can be reorganised,
Swedish EV battery market Northvolt files for bankruptcy in US
This move is part of a strategic effort to restructure debt, scale operations and secure a sustainable foundation for continued operations.
Northvolt CEO Peter Carlsson Steps Down
The Swedish battery maker said Carlsson will become a senior adviser as the company enters U.S. bankruptcy and initiates a ...
An EV-battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash
Northvolt has struggled to boost production at its Swedish battery factory and recently announced 1,600 layoffs amid weak ...
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Northvolt Files for Bankruptcy, CEO Departs
Northvolt's US unit files for Chapter 11 bankruptcy protection as CEO Peter Carlsson, who has led the startup since 2016, ...
This Battery Startup Raised $15 Billion. Then It Went Bust.
Sweden’s Northvolt was once a darling of the battery industry and Europe’s best hope for competing with China’s dominant ...
Northvolt’s Collapse Countdown Started With BMW Pulling the Plug
For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse ...
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'Mix of emotions' over crisis-hit Northvolt in Skellefteå
Battery manufacturer Northvolt announced late last week that it would file for Chapter 11 bankruptcy protection in the United ...