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Northvolt boss resigns after EV battery firm files for bankruptcy
The Guardian
|November 23, 2024
The chief executive of Northvolt has resigned after the Swedish battery startup filed for bankruptcy protection in the US.
Peter Carlsson, who has led Northvolt since 2016, will step aside with immediate effect, the company said yesterday.
Carlsson said Northvolt, which is widely seen as a leading player in European efforts to build an electric vehicles battery industry, needs to raise between $1bn and $1.2bn (£800m-£950m) in order to restore the business.
Northvolt has built a factory in Sweden where it hopes to use green energy to produce hundreds of thousands of EV batteries each year. It was the most prominent of a host of European startups hoping to challenge the dominant Asian battery industry.
However, it has tipped into crisis in recent months as cash ran dry and it experienced problems getting its first factory up and running.
यह कहानी The Guardian के November 23, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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