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The Northvolt building in Sweden, photographed in February 2022.
Mikael Syaberg | Bloomberg | Gets the image
On Wednesday, a Northvolt battery manufacturer stated that he had filed a bankruptcy application in Sweden.
The firm said it provided the submission of insolvency after “comprehensive efforts to study all available funds to ensure the viable financial and operational future of the company.”
“Like many batteries in the battery sector, in recent months, Northvolt has experienced a number of complex problems that thwarted its financial position, including the rise in capital costs, geopolitical instability, subsequent supplies chain and demand for market,” Nortwalts said.
“Against this background, the company encountered significant internal problems in the role of production, as in the ways that expected participation in a very difficult industry, and others that were unforeseen.”
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