US EditionNorthvolt to Stop Production at End of June Without Buyer
- In March 2025, Swedish company Northvolt declared bankruptcy and announced it will discontinue operations at its primary Skellefteå manufacturing plant by June 30 due to the absence of a suitable buyer.
- The bankruptcy resulted from mounting debt, slow demand, production delays, and failure to secure sufficient investors since filing for U.S. Chapter 11 protection in November 2024.
- Northvolt operated one production line supplying truck maker Scania but could only maintain limited battery cell output during bankruptcy under trustee Mikael Kubu’s oversight.
- Kubu announced that Northvolt Ett’s battery cell manufacturing will be slowly discontinued, aiming to fully stop operations by June 30, due to the absence of a suitable buyer.
- Northvolt’s collapse marks one of Sweden’s largest corporate failures and weakens Europe’s efforts to compete with China’s electric vehicle battery industry dominance.
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Northvolt Broke: Habeck's Favorite Company Completely Shuts Down Operation
At the Swedish manufacturer Northvolt, the lights are now also running out at the most important location. The plant in Skellefteå in northern Sweden will be completely shut down by 30 June at the latest.
·Berlin, Germany
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Total News Sources26
Leaning Left4Leaning Right4Center3Last UpdatedBias Distribution36% Left, 36% Right
Bias Distribution
- 36% of the sources lean Left, 36% of the sources lean Right
36% Right
L 36%
C 27%
R 36%
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