By Marie Mannes, Alessandro Parodi and Stine Jacobsen STOCKHOLM/GDANSK (Reuters) –     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. Europe’s biggest hope for an electric vehicle battery champion filed for U.S. Chapter 11 bankruptcy protection on …

WTVB

Northvolt crisis may be make or break for Europe’s EV battery ambitions

Northvolt was hobbled by severe production problems, a shortage of funding and skittish customers, a few of whom lost patience with the low output

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Canada

Europe’s car battery ambitions go up in smoke. China wins again as Northvolt files for bankruptcy

Midwest Communications

Peter Carlsson has both been called the green Jesus and the greatest industrialist of all time. Now he decides as CEO of Northvolt - after a drama where the green transition, thousands of jobs and the fight against China are some of the main reasons. Me and her? And what illness forced him to quit Tesla?

Peter Carlsson har både kallats gröne Jesus och den störste industrihaveristen genom tiderna. Nu avgår han som vd för Northvolt – efter ett drama där den gröna omställningen, tusentals jobb och kampen mot Kina är några av huvudingredienserna. Men vem är han? Och vilken sjukdom gjorde att han tvingades sluta på Tesla?

Sjukdomen tvingade bort Peter Carlsson från Tesla – det blev början på Northvolt

Dagens Nyheter.

Bonnier Group

Stockholm

Stockholm County

Sweden

Illness forced Peter Carlsson away from Tesla - it was the beginning of Northvolt

Link URL: https://www.euronews.com/business/2024/11/22/northvolt-files-for-bankruptcy-in-major-blow-to-european-ev-sector Comments URL: https://tildes.net/~transport/1k9c/swedish_battery_cell_maker_northvolt_which_produces_cells_for_electric_vehicles_has_announced_that Votes: 2 Comments: 0

Euronews

European Broadcasting Union

France

Northvolt files for bankruptcy in major blow to European EV sector

Battery manufacturer Northvolt has filed for creditor protection in the USA. The construction of the factory near Heide is officially not affected by this.

Der Batteriehersteller Northvolt hat in den USA Gläubigerschutz beantragt. Der Bau der Fabrik bei Heide ist davon offiziell nicht betroffen.

Habeck bei Northvolt "vorsichtig optimistisch"

Heise

Germany

Habeck "cautiously optimistic" about Northvolt

Battery manufacturer Northvolt has filed for battery protection in the USA. The construction of the factory near Heide is not officially affected by this. Federal Minister of Economics Habeck talks about the problems.

Der Batteriehersteller Northvolt hat in den USA Gl�ubigerschutz beantragt. Der Bau der Fabrik bei Heide ist davon offiziell nicht betroffen. Bundeswirtschaftsminister Habeck spricht �ber die Probleme.

Habeck bei Northvolt «vorsichtig optimistisch»

inFranken.de

Habeck “cautiously optimistic” at Northvolt

Northvolt, the Swedish maker of battery cells for electric vehicles, said on Thursday it has filed for Chapter 11 bankruptcy protection in the U.S., dealing a blow to Europe’s hopes that its most developed battery player would reduce Western car makers’ reliance on Chinese rivals. Northvolt said it has only enough cash to support operations for about a week and said it has secured $100 million in new financing for the bankruptcy process. It said…

Fast Company

Joe Mansueto

Northvolt files for bankruptcy—putting the breaks on Europe’s EV dreams

Inside EVs

Northvolt, Hailed As Europe’s Future EV Battery Champion, Files For Bankruptcy

Northvolt, Europe's great battery hope, has filed for bankruptcy in the United States after failing to revive its fortunes as the electric vehicle

Vogon Today

NorthVolt goes bankrupt in the USA. The dream of the European battery in difficulty - Economic Scenarios

Summary Northvolt co-founder urges EU not to give up EV battery dream Firm has filed for bankruptcy protection, needs $1.0-$1.2 bln EU hopes hit by weak EV sales, production issues, China strength (Reuters) – Northvolt’s financial collapse deals a blow to Europe’s plan to set up its own battery industry to power electric cars, stirring ...

Northvolt crisis may be make or break for Europe’s EV battery ambitions

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