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Northvolt to Stop Production at End of June Without Buyer

In March 2024, Swedish battery manufacturer Northvolt filed for bankruptcy and announced that it intends to cease operations at its primary factory in Skellefteå by June 30 if no buyer is found.
Northvolt struggled under heavy debt and slow demand, leaving only truck maker Scania as its single customer before its search for investors failed.
Bankruptcy trustee Mikael Kubu managed a scaled-down battery cell production with about 1,700 retained staff but said a gradual wind-down would begin absent a sale.
Mikael Kubu announced that Northvolt Ett’s battery cell manufacturing will be gradually phased out, aiming to fully stop operations by June 30, due to the absence of any immediate buyers.
Northvolt’s shutdown marks one of Sweden’s largest corporate failures and signals a setback for Europe’s ambitions to compete with China in EV battery production.

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Northvolt Broke: Habeck's Favorite Company Completely Shuts Down Operation

At the Swedish manufacturer Northvolt, the lights are now also running out at the most important location. The plant in Skellefteå in northern Sweden will be completely shut down by 30 June at the latest.

24 hours ago·Berlin, Germany

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Financial Post

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Northvolt to stop production in June with no buyers in sight

Northvolt AB will stop making cells at its factory in Sweden in June, marking the demise of Europe’s homegrown battery maker. Find out more

2 days ago·Canada

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Bloomberg

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Northvolt to Stop Production at End of June Without Buyer

Bankrupt battery maker Northvolt will stop production at its last remaining factory in northern Sweden at the end of June if it fails to find a buyer before then.

2 days ago

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Sueddeutsche Zeitung

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Northvolt: Production in Skellefteå Is Stopped

The production of the battery manufacturer Northvolt in Skellefteå will be completely shut down by June 30. Scania plans to stop buying batteries. The search for a buyer for Northvolt Ett continues.

2 days ago·Munich, Germany

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The Local - Se

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Bankrupt Swedish battery maker Northvolt to end production in June

Swedish electric car battery maker Northvolt, which filed for bankruptcy in March, will stop production at its main factory in Sweden in June, the court-appointed bankruptcy trustee said on Thursday.

2 days ago·Sweden

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The Globe & Mail

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Northvolt to wind down battery making operation in Sweden by end of June

While the search for a buyer of the business continued, there was no realistic prospect for a purchaser to assume control in the near term, a bankruptcy trustee said

2 days ago·Canada

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