Swedish battery manufacturer Northvolt has filed for bankruptcy, reports SVT. Crisis -affected battery manufacturer Northvolt requests bankruptcy in Sweden, the company says. Battery manufacturer Northvolt has gone from an acclaimed Swedish commitment to the green transition to losing billions of dollars – and a bankruptcy threat hanging over for a long time. Already in September, the battery manufacturer announced that 1,600 employees had to go. Three months later, the battery company applied for bankruptcy protection in the United States. At about the same time, the top manager Peter Carlsson thanked him. On Wednesday, Northvolt submitted a petition to Stockholm’s bankruptcy for bankruptcy for the entire Swedish business. The Northern Swedish city of Skellefteå with 75,000 inhabitants has experienced growth and increased population growth after Northvolt was established. Photo: Ole-Christian Olsen The issue of bankruptcy was raised at a specially summoned board meeting on Tuesday night, according to information to SVT. “Despite the fact that the company has used up all available opportunities to negotiate and implement a financial restructuring, including a Chapter 11 process in the United States, and despite liquidity support from our lenders and important counterparties, the company failed to secure the necessary financial conditions to continue in its current form,” the company writes in a press release. The bankruptcy occurs after a troubled year for the battery manufacturer. Photo: SVT 5000 employees Around 5000 people today work on Northvolt, most in Skellefteå. The company also has employees in Västerås and Stockholm. – If there is a closure of the factory, it means one billion in lost tax revenue for Skellefteå, says SVT finance reporter Kristina Lagerström. “This is an incredibly difficult day for everyone at Northvolt. We aimed to build some groundbreaking – to drive a real change in the battery, electric vehicles and wider European industry and accelerate the transition to a green and sustainable future, says Tom Johnstone, temporary chairman of Northvolt. By Wednesday, Northvolt was to pay about 200 million Swedish kroner in taxes to the Tax Administration. If a limited company cannot pay its taxes, it must go bankrupt, otherwise the board may be personalized by the law. Historical population growth news has repeatedly visited the Northern Swedish industrial city, which started early on with battery production. While the population has plunged in many urban municipalities in Northern Norway, the situation across the border in northern Sweden has been the opposite. Battery factories, mining and production of “green steel” have led to the purest clondy mood. Skellefteå currently has 75,000 inhabitants, and is the city of Sweden with the greatest growth. Growth started after the establishment of the Northvolt battery factory in 2017. Freyr’s battery factory in Mo i Rana is on ice due to a more profitable effort in the United States. Published 12.03.2025, at. 08.23
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