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.

Peter Carlsson has led Northvolt since its inception in 2016. He co-founded Northvolt with the mission to drive sustainable energy solutions through the creation of a pioneer in E

The chief executive of Northvolt stepped down on Friday, shortly after the Swedish battery maker filed for Chapter 11 bankruptcy protection in the U.S.

Peter Carlsson, co-founder and leader of Northvolt since 2016, will remain as advisor as he quit a day after the firm filed for bankruptcy.

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.

Beleaguered Swedish battery manufacturer Northvolt announced on Thursday that it was filing for bankruptcy in the U.S., striking a blow to Europe’s ambitions for homegrown lithium-ion batteries.

Swedish battery manufacturer Northvolt has filed for bankruptcy, dashing Europeans' hopes for local battery production and recycling

Northvolt's CEO and co-founder Peter Carlsson stepped down on Friday, a day after Europe's biggest hope for an electric vehicle battery champion filed for U.S. Chapter 11 bankruptcy protection. The Sw