Northvolt AB filed for bankruptcy protection in the US after failing to secure a lifeline for its battery-cell business in a faltering market for electric vehicles.
The Swedish company filed for Chapter 11 in the Southern District of Texas, it said in a statement on Thursday. The court process protects the company from creditors, allowing operations to continue as it restructures its balance sheet.
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Publish date : 2024-11-21 09:47:00
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