Northvolt, a major Swedish battery maker, filed for bankruptcy in the U.S., seeking to restructure the debt it had taken on to pay for its rapid expansion. Stockholm-based Northvolt said it had ...

The chapter 11 process also provides Northvolt with an avenue to secure new financing. – For instance, the protections afforded by chapter 11 have instilled confidence in our lenders and customers, ...

Northvolt spokesman Erik Zsiga told AFP the company had requested an extension, but still aimed "to finalise the Chapter 11 process in the first quarter." "But we also need to act to have ...

Related: Another major auto parts brand files for Chapter 11 bankruptcy. The company’s subsidiaries, Northvolt Germany and Northvolt North America are not part of the bankruptcy proceedings in ...

Battery energy storage systems (BESS) are on the rise as smarter grid infrastructure begins to emerge, and Lyten has plans ...

Another example is United Airlines, which filed for chapter 11 in 2002. Facing rising fuel costs and the economic impact of the 9/11 attacks, United used chapter 11 to renegotiate labour contracts, ...

STOCKHOLM (Reuters) - Swedish truckmaker Scania said on Thursday it will lend Northvolt $100 million as part of the struggling Swedish battery maker's U.S. Chapter 11 bankruptcy protection deal.

In addition, one of Northvolt's existing customers has committed to provide $100m in new financing to support Northvolt's business operations in the form of debtor-in-possession (DIP) financing, which ...

Northvolt, the Swedish maker of battery cells for electric vehicles, said on Thursday it has filed for Chapter 11 bankruptcy protection in the U.S., dealing a blow to Europe's hopes that its most ...

“Today marks a significant new phase for Northvolt as well as for me personally,” Carlsson said in a statement.. “The Chapter 11 filing allows a period during which the company can be ...

Swedish Battery Maker Northvolt Files for Chapter 11 Protection. The company says it will continue deliveries to customers and pay key vendors as it restructures in court. By Akiko Matsuda.

Swedish truckmaker Scania said on Thursday it will lend Northvolt $100 million as part of the struggling Swedish battery maker's U.S. Chapter 11 bankruptcy protection deal.