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Regions Germany

An EV battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash

Northvolt had struggled to boost production at its Swedish battery factory and recently announced 1,600 layoffs amid weak consumer demand for EVs.

By: Business Insider
  • Dec 22 2024
  • 4
  • 335 Views
An EV battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash
An EV battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash
Northvolt's factory in northern Sweden makes EV batteries.JONATHAN NACKSTRAND/AFP/Getty Images
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