Metafuels and Evos partner to accelerate e-SAF production in Rotterdam
Hyundai Motor Group opens ZER01NE Fund III to drive future technology innovation with startups

Northvolt battery cell production to wind down, with production to cease by 30 June

Although there are interested parties and potential buyers for the various business operations within the Northvolt Group, at present, the bankruptcy estate (earlier post) does not foresee any realistic prospects for a purchaser to assume control of the battery cell production in Skellefteå (Northvolt Ett AB’s operations) in the near term.

The bankruptcy estate has been able to continue battery cell production with a limited number of employees, supported by the existing customer. However, this arrangement is not sustainable in the long term for a single stakeholder, nor for the bankruptcy estate itself. Consequently, a gradual wind-down of battery cell production in Northvolt Ett will be initiated, with the objective of ceasing production by 30 June. Efforts to identify a purchaser remain ongoing.

Comments

The comments to this entry are closed.