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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
  • Nov 23 2024
  • 3
  • 163 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 raise
Northvolt's factory in northern Sweden makes EV batteries.JONATHAN NACKSTRAND/AFP/Getty Images

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