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Northvolt

  • Swedish battery maker Northvolt files for bankruptcy

    Industrials

    Swedish battery maker Northvolt has filed for bankruptcy after failing to secure funding amid ongoing financial struggles. The company had experienced a series of mounting challenges in recent months as it struggled to hit production targets despite liquidity support from lenders including Goldman Sachs and Blackrock. It had previously sought US Chapter 11 bankruptcy protection [...]

    Northvolt had experienced a series mounting challenges in recent months as it struggled to hit production targets.

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