Europe's Battery Dream Bursts: Northvolt Ceases Operation After Insolvency

In 2024, crisis meetings began to increase at Northvolt. Costs skyrocketed while management tried to maintain a facade of control. This is described in a new book about the company – written by a former employee.

The Swedish battery manufacturer Northvolt completely ceases to operate after the insolvency. What consequences this has for the German subsidiary is unclear.

Last but not least, there was only one customer: the battery cell manufacturer Northvolt, supported by a lot of German tax money, ends production in North Sweden. Schleswig-Holstein is currently arguing about the treatment of the consequences.

On Thursday morning, it was announced that Northvolt's operations in Skellefteå will be closed down. Now, bankruptcy administrator Mikael Kubu says that Labs in Västerås is close to being sold.

Battery production at Northvolt's Swedish factory will be halted, bankruptcy administrator Mikael Kubu announced. This after the only remaining customer, Scania, leaves for other suppliers. “It will be much more difficult to sell this now,” he says.

Declared bankrupt for several months, the Swedish giant Northvolt is about to take a new stage in its downhill downhill... The Northvolt article: production stops in the Swedish factory of the one who was to become the Airbus of the batteries appeared first on Automobile Clean.