End of the road for EV battery maker that raised $15 billion from investors including Goldman Sachs and BlackRock

Business and FinanceBusiness and Finance

Wed, March 12, 2025

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[ Today @ 03:45 PM ] - ESPN

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[ Today @ 03:45 PM ] - WOPRAI

Short squeeze is starting in shares of TDSC at $2 .. 8, after crossing above the $24.628 Trigger Price

[ Today @ 03:45 PM ] - WOPRAI

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[ Today @ 03:00 PM ] - WOPRAI

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Short squeeze is starting in shares of ESBA at $8 .. 16, after crossing above the $8.143 Trigger Price

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Short squeeze is starting in shares of DTI at $2. .. 86, after crossing above the $2.965 Trigger Price

[ Today @ 02:44 PM ] - TheWrap

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[ Today @ 02:40 PM ] - WAtoday

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[ Today @ 02:30 PM ] - WOPRAI

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[ Today @ 02:23 PM ] - Today

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[ Today @ 02:00 PM ] - WOPRAI

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[ Today @ 01:30 PM ] - WOPRAI

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[ Today @ 01:00 PM ] - Insider

End of the road for EV battery maker that raised .. m investors including Goldman Sachs and BlackRock

[ Today @ 12:45 PM ] - WOPRAI

Short squeeze is starting in shares of UBCP at $1 .. 9, after crossing above the $13.669 Trigger Price

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[ Today @ 12:45 PM ] - WOPRAI

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[ Today @ 12:31 PM ] - Gothamist

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[ Today @ 12:30 PM ] - WOPRAI

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[ Today @ 12:24 PM ] - WJHL

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[ Today @ 12:20 PM ] - Newsweek

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[ Today @ 12:00 PM ] - WLRN

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[ Today @ 12:00 PM ] - BBC

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[ Today @ 11:45 AM ] - WOPRAI

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[ Today @ 11:42 AM ] - NextBigFuture

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[ Today @ 11:21 AM ] - Reuters

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[ Today @ 11:21 AM ] - BBC

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[ Today @ 11:20 AM ] - BusinessTech

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[ Today @ 11:15 AM ] - WOPRAI

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[ Today @ 11:15 AM ] - WOPRAI

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[ Today @ 11:01 AM ] - Insider

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[ Today @ 10:30 AM ] - WOPRAI

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[ Today @ 10:30 AM ] - WOPRAI

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[ Today @ 10:30 AM ] - WOPRAI

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[ Today @ 10:30 AM ] - WOPRAI

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[ Today @ 10:30 AM ] - WOPRAI

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[ Today @ 10:30 AM ] - WOPRAI

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[ Today @ 10:30 AM ] - WOPRAI

Short squeeze is starting in shares of CROX at $1 .. 5, after crossing above the $98.781 Trigger Price

[ Today @ 10:30 AM ] - WOPRAI

Short squeeze is starting in shares of BTOP at $2 .. .5, after crossing above the $28.43 Trigger Price

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Short squeeze is starting in shares of ARM at $11 .. , after crossing above the $115.294 Trigger Price

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[ Today @ 10:24 AM ] - Metro

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[ Today @ 10:24 AM ] - Reuters

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[ Today @ 10:20 AM ] - AFP

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[ Today @ 10:15 AM ] - WOPRAI

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Short squeeze is starting in shares of DUOT at $5 .. 52, after crossing above the $5.204 Trigger Price

[ Today @ 10:05 AM ] - Reuters

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[ Today @ 10:04 AM ] - Insider

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Silicon Valley Unicorns: Market Trends And A Reality Check At The Start Of 2025

End of the road for EV battery maker that raised $15 billion from investors including Goldman Sachs and BlackRock

^{Published on 2025-03-12 13:00:59 - Insider}

The Swedish company aimed to become Europe's main EV battery maker and take on Chinese rivals, but filed for Chapter 11 protection in November.

Northvolt, a Swedish electric vehicle battery startup, has filed for bankruptcy protection in Sweden, despite having raised significant funds from investors like Goldman Sachs, BlackRock, and Volkswagen. The company, which aimed to challenge Asian dominance in the EV battery market, faced challenges including production delays, cost overruns, and a significant drop in demand for electric vehicles. Northvolt's financial difficulties were compounded by a failed attempt to secure a $5 billion loan from the U.S. Department of Energy, which was crucial for its expansion plans. The bankruptcy filing comes as a surprise given the company's high-profile backing and its plans to build one of Europe's largest battery factories. However, Northvolt has stated that it will continue operations while restructuring, aiming to emerge stronger and more focused on sustainable battery technology.

Read the Full Insider Article at:
[ https://www.businessinsider.com/northvolt-files-bankruptcy-ev-battery-maker-sweden-goldman-blackrock-vw-2025-3 ]

N@N

End of the road for EV battery maker that raised $15 billion from investors including Goldman Sachs and BlackRock