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    Home > Headlines > Battery maker Northvolt gets indicative bid, bankruptcy trustee tells Swedish radio
    Headlines

    Battery maker Northvolt gets indicative bid, bankruptcy trustee tells Swedish radio

    Published by Global Banking & Finance Review®

    Posted on June 24, 2025

    1 min read

    Last updated: January 23, 2026

    Battery maker Northvolt gets indicative bid, bankruptcy trustee tells Swedish radio - Headlines news and analysis from Global Banking & Finance Review
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    Tags:bankruptcyinvestmentfinancial crisiscorporate governancealternative banking

    Quick Summary

    Northvolt's trustee received a bid for its Swedish operations, covering the Skelleftea factory and Vasteras R&D center, following its March bankruptcy.

    Northvolt's Bankruptcy Trustee Receives Initial Bid for Swedish Operations

    COPENHAGEN (Reuters) -Northvolt's bankruptcy trustee has received an indicative bid from a foreign interested party for the company's business in Sweden, the trustee told Swedish radio on Tuesday.

    Northvolt filed for bankruptcy in March, making it one of Sweden's largest corporate failures and effectively ending Europe's best hope of developing a rival to challenge Chinese battery makers.

    "We now have an indicative offer on the table and hope for more indicative bids," bankruptcy trustee Mikael Kubu told public broadcaster Sveriges Radio.

    "We expect to receive another indicative offer during the day," he said.

    Reuters was not immediately able to reach Kubu for comment.

    The indicative offer covered Northvolt's battery cell factory in Skelleftea in northern Sweden and its research and development centre in Vasteras west of Stockholm, Sveriges Radio said.

    Kubu in May said the Skelleftea plant planned to wind down operations by the end of June although talks with potential buyers were ongoing.

    (Reporting by Stine Jacobsen in Copenhagen and Anna Ringstrom and Marie Mannes in Stockholm, editing by Louise Rasmussen, Terje Solsvik and Bernadette Baum)

    Key Takeaways

    • •Northvolt's bankruptcy trustee received a bid for Swedish operations.
    • •The bid covers the Skelleftea factory and Vasteras R&D center.
    • •Northvolt filed for bankruptcy in March.
    • •The company was a major European battery maker.
    • •Further bids are expected soon.

    Frequently Asked Questions about Battery maker Northvolt gets indicative bid, bankruptcy trustee tells Swedish radio

    1What did Northvolt's bankruptcy trustee announce?

    Northvolt's bankruptcy trustee announced that they received an indicative bid from a foreign interested party for the company's business in Sweden.

    2When did Northvolt file for bankruptcy?

    Northvolt filed for bankruptcy in March, marking it as one of Sweden's largest corporate failures.

    3What facilities are included in the indicative offer?

    The indicative offer covers Northvolt's battery cell factory in Skelleftea and its research and development centre in Vasteras.

    4What did the trustee say about future bids?

    Bankruptcy trustee Mikael Kubu expressed hope for more indicative bids and mentioned that they expect to receive another offer during the day.

    5What is the status of the Skelleftea plant?

    The Skelleftea plant was planned to wind down operations by the end of June, although talks with potential buyers were still ongoing.

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