Northvolt AB, Northvolt AB, will stop in its last factory in northern Sweden at the end of June, if it fails to find a buyer before that, according to a person familiar with the matter, asking not to specify it to discuss private information.
The factory in Skelleftea is running one -line production cells for Scania CV AB since the appointed trustee of the court in Sweden has set the group and assetsFor saleIn March. So far, the buyer has not been fulfilled.
Later, a virtual meeting will be held for employees, including 900 people working in the factory, and the chief operating employee Matthias Arieth will be hosted by Matte Kataga spokesman, separately by phone. He refused to comment on the details of the meeting, but he described it as a regular update.
Northvolt had a total employee about 7000 before running out of money last year after a series of operational errors that I forced to provide for bankruptcy in the United States.
The company, which was once an answer to Europe to the local battery champion, collected about $ 10 billion of debt and shares since its foundation in 2016.
This story was originally shown on Fortune.com
https://fortune.com/img-assets/wp-content/uploads/2025/05/GettyImages-2192365916-e1747907722569.jpg?resize=1200,600
Source link