The European Union wants to develop a homegrown battery industry that can rival China's, but the bloc's best chance for ...

That move came after the departure of its chief executive, Peter Carlsson, who said that Northvolt needed to raise up to $1.2bn to restore its business. Founded in 2016 the company raised more than ...

German carmaker BMW cancelled a $2 billion order in June after Northvolt failed to deliver on a long-term contract. LOSS FOR SWEDISH INDUSTRY Co-founder Peter Carlsson, who stepped down as ...

STOCKHOLM, March 11 (Reuters) - Northvolt, the Swedish maker of battery ... However, its former CEO Peter Carlsson, who stepped down shortly after the company's Chapter 11 filing in November ...

At the time, a planned restructuring was expected to see more than 1,000 jobs cut by March of this year, while Mr Carlsson also noted in excess of £1bn may be needed to get the business back on track.