Headlines
Northvolt's bankruptcy trustee hopeful on business continuation
Published by Global Banking & Finance Review®
Posted on March 21, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 21, 2025
1 min readLast updated: January 24, 2026
Northvolt's bankruptcy trustee is hopeful about continuing operations while negotiating with potential buyers after the company's recent bankruptcy filing.
STOCKHOLM (Reuters) - Northvolt's bankruptcy trustee said on Friday it had made "significant" progress in negotiating the continuation of operation of the electric vehicle battery maker, while talks with potential buyers proceed.
The Swedish company filed for bankruptcy in Sweden on March 12, marking one of the country's largest corporate failures and effectively ending Europe's best hope of developing a rival to challenge China.
At the time of the bankruptcy filing, Northvolt said its battery factory in Northern Sweden would continue to run in the short-term, but it would be up to the court-appointed bankruptcy trustee to decide if production would close down during negotiations of its future.
"Maintaining certain operations is likely to be crucial in order to be able to sell the business in whole or in part," Mikael Kubu at judicial reorganization specialists Ackordscentralen said in a statement.
"We currently see the conditions for selling the business as a producer of battery cells as good," he added.
(Reporting by Marie Mannes; editing by Nerijus Adomaitis, David Evans and Leslie Adler)
The main topic is Northvolt's bankruptcy and the trustee's efforts to continue operations while negotiating with potential buyers.
Northvolt filed for bankruptcy in Sweden, marking a significant corporate failure in the European battery industry.
Mikael Kubu from Ackordscentralen is the bankruptcy trustee handling Northvolt's case.
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