Volkswagen bet big on European-made batteries a few years ago with two massive investments in Northvolt, the Swedish ...

The write down reflects the challenges faced by Northvolt, including missed production targets and a slower-than-expected ...

At the end of 2023, Volkswagen reported the book value of its shareholding in the Swedish firm at 693 million euros (USD 726 ...

Established by Volkswagen in 2022, PowerCo is committed to building six battery cell gigafactories by 2030 with a combined ...

Nothvolt number one and number two shareholders, namely Volkswagen and Goldman Sachs, will write down their stake in the ...

Electric-vehicle dreams are crashing into reality, and the latest signs come from Europe. Swedish battery manufacturer ...

STORY: Northvolt’s financial collapse could spell the end of Europe’s ambitions to set up its own battery industry to power ...

Struggling Swedish EV battery maker Northvolt filed for U.S. Chapter 11 bankruptcy protection on Thursday after failing to establish a funding ...

Volkswage has significantly written down its 21% stake in Northvolt that filed for bankruptcy protection in the U.S. last ...

Peter Carlsson, the CEO and co-founder of Northvolt, quit the company last week and in doing so revealed that it needed a ...

By Marie Mannes, Alessandro Parodi, Stine JacobsenSTOCKHOLM/GDANSK (Reuters) -Northvolt's financial collapse deals a blow to ...

Europe risks losing investments and industrial jobs to countries including the US if the region fails to cut red tape and ...