EU and Russia Auto Thread

 
 

Published on 22/11/2024 - 12:11 GMT+1•Updated 12:21

The Swedish battery developer and manufacturer, Northvolt, has filed for bankruptcy in the US, as the company struggles with mounting debt, after it was unable to secure rescue funding and was left with only one week of cash reserves.


London November 23 2024

Funds managed by Goldman Sachs will write off almost $900mn after Swedish battery maker Northvolt filed for Chapter 11 bankruptcy this week.
 
 
 
 

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