Part of Northvolt's German unit applies for restructuring
Published by Global Banking & Finance Review®
Posted on May 9, 2025
1 min readLast updated: January 23, 2026
Published by Global Banking & Finance Review®
Posted on May 9, 2025
1 min readLast updated: January 23, 2026
Northvolt's German division seeks restructuring. The Heide plant's construction continues despite the company's bankruptcy in Sweden.
FRANKFURT (Reuters) -A part of Northvolt's German division has applied for restructuring, a spokesperson for the insolvent Swedish battery cell maker said on Friday, confirming a report in weekly magazine Der Spiegel.
The affected division is Northvolt Germany TopCo GmbH while the entity in charge of building Northvolt's German plant in Heide is still running, with construction still ongoing, the spokesperson said.
Germany's former Economy Minister Robert Habeck earlier this year said he was hopeful that new investors for the Heide plant would be found.
Northvolt in March filed for bankruptcy in Sweden, marking one of the country's largest corporate failures and effectively ending Europe's best hope of developing a rival to challenge China.
(Reporting by Marie Mannes and Christoph Steitz; editing by Matthias Williams)
The article discusses Northvolt's German division applying for restructuring amid ongoing construction at the Heide plant.
Northvolt has filed for bankruptcy in Sweden, impacting its operations and restructuring efforts in Germany.
Despite the restructuring, construction at Northvolt's Heide plant in Germany is still ongoing.
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