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.
Source link : http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=673f7b4ec4744a9894f23275c1279914&url=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2024-11-21%2Fnorthvolt-files-for-bankruptcy-in-blow-to-europe-s-battery-hopes&c=4840834608606760565&mkt=de-de
Author :
Publish date : 2024-11-21 09:47:00
Copyright for syndicated content belongs to the linked Source.
