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  2. Economy
140 new news items in the last 24 hours
12 March 12:36

Northvolt, the Swedish manufacturer of batteries for electric cars, has filed for bankruptcy after financial problems.

Bianca Ciurea
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Economy
Foto: Pexels
<p>The company had previously sought to raise funds by filing for Chapter 11 bankruptcy protection in the United States. Northvolt has struggled to obtain the funding needed to continue its business, despite attempts to attract new investors. The battery maker was seen as a great hope for Europe in the competition with large Chinese manufacturers in the electric vehicle battery industry.

Sources

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Capital
Cel mai mare producător de baterii din Europa e în faliment. Northvolt n-a găsit noi investitori
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France24
Battery maker Northvolt files for bankruptcy in Sweden
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Ziarul Financiar
Dezastru în industria auto europeană: Northvolt, cel mai mare producător de baterii din Europa, a cedat şi a intrat în faliment

ȘTIRI PE ACELEAȘI SUBIECTE

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International
Startup Lyten has reached an agreement to buy the assets of bankrupt Northvolt, aiming to develop lithium-sulfur batteries in Europe.
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International
Elon Musk has lost $68 billion in 48 hours as Tesla's sales in Europe slumped to rival BYD.
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Economy
China's electric car companies are increasing their foreign investment, outpacing domestic funds for the first time, according to a Rhodium Group report.
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International
Mercedes-Benz CEO Ola Kaellenius has challenged the EU's plan to ban CO2-emitting vehicles from 2035, warning of the risks to the European car industry
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Economy
Lithium prices soared after CATL shut down a major mine in China, fueling speculation of further restrictions.
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Economy
The Polish company Aforti Holding has informed investors that it cannot pay the last coupon and the principal of the bond issue maturing in 2025 and that bankruptcy proceedings have been initiated.
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electric car batteries bankruptcy Sweden Northvolt

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Diaspora
Tuesday 14:09

The Ministry of Foreign Affairs proposes the reintroduction of fees for consular services, including for passports and visas, affecting millions of Romanians abroad.

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