{"id":352232,"date":"2024-11-25T13:30:06","date_gmt":"2024-11-25T12:30:06","guid":{"rendered":"https:\/\/climatescience.press\/?p=352232"},"modified":"2024-11-25T13:30:09","modified_gmt":"2024-11-25T12:30:09","slug":"northvolt-goes-bankrupt","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=352232","title":{"rendered":"Northvolt Goes Bankrupt"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"482\" data-attachment-id=\"352236\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=352236\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/0image-77.webp?fit=1080%2C720&amp;ssl=1\" data-orig-size=\"1080,720\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"0image-77\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/0image-77.webp?fit=723%2C482&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/0image-77.webp?resize=723%2C482&#038;ssl=1\" alt=\"\" class=\"wp-image-352236\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/0image-77.webp?resize=1024%2C683&amp;ssl=1 1024w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/0image-77.webp?resize=300%2C200&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/0image-77.webp?resize=768%2C512&amp;ssl=1 768w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/0image-77.webp?w=1080&amp;ssl=1 1080w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">From <a href=\"https:\/\/notalotofpeopleknowthat.wordpress.com\/2024\/11\/23\/northvolt-goes-bankrupt\/\">NOT A LOT OF PEOPLE KNOW THAT<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By Paul Homewood<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">h\/t Paul Kolk<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Another one bites the dust!<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"249\" data-attachment-id=\"352234\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=352234\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/image-542.png?fit=1024%2C352&amp;ssl=1\" data-orig-size=\"1024,352\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"image\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/image-542.png?fit=723%2C249&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/image-542.png?resize=723%2C249&#038;ssl=1\" alt=\"\" class=\"wp-image-352234\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/image-542.png?w=1024&amp;ssl=1 1024w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/image-542.png?resize=300%2C103&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/image-542.png?resize=768%2C264&amp;ssl=1 768w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Swedish electric vehicle (EV) battery manufacturer Northvolt filed for bankruptcy after the company\u2019s dreadful liquidity position left the business with only one week\u2019s worth of cash to fund its operations.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>The Chapter 11&nbsp;<\/em><a href=\"https:\/\/cases.stretto.com\/public\/x382\/13325\/PLEADINGS\/1332511212480000000192.pdf\"><em>petition<\/em><\/a><em>&nbsp;was filed at the U.S. Bankruptcy Court for the Southern District of Texas on Thursday. The company listed assets and liabilities in a range of $1 billion to $10 billion, with creditors estimated to be between 1,000 and 5,000. Established in 2016 in Stockholm, Northvolt is an energy-storage company that manufactures lithium-ion batteries.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>A leading manufacturer in the European Union, Northvolt&nbsp;<\/em><a href=\"https:\/\/www.theepochtimes.com\/world\/europes-leading-battery-producer-cuts-20-percent-of-staff-amid-sluggish-ev-demand-5728641\"><em>competes<\/em><\/a><em>&nbsp;with China\u2019s BYD and CAT to supply batteries to carmakers in the region. As such, the bankruptcy of Northvolt presents a challenge to Europe\u2019s ambitions to counter Chinese EV dominance.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.theepochtimes.com\/business\/european-ev-battery-maker-files-for-bankruptcy-5764399?utm_campaign=socialshare_email&amp;utm_source=email\">https:\/\/www.theepochtimes.com\/business\/european-ev-battery-maker-files-for-bankruptcy-5764399?utm_campaign=socialshare_email&amp;utm_source=email<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Swedish electric vehicle (EV) battery manufacturer Northvolt filed for bankruptcy after the company\u2019s dreadful liquidity position left the business with only one week\u2019s worth of cash to fund its operations.<\/p>\n","protected":false},"author":121246920,"featured_media":352236,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691818526,691821977,691831658,691829344],"class_list":{"0":"post-352232","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-bankruptcy","9":"tag-electric-vehicles-evs","10":"tag-ev-battery-maker","11":"tag-northvolt","13":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/0image-77.webp?fit=1080%2C720&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1tDa","jetpack-related-posts":[{"id":346735,"url":"https:\/\/climatescience.press\/?p=346735","url_meta":{"origin":352232,"position":0},"title":"Electric car battery maker\u2019s value slashed by\u00a085pc","author":"uwe.roland.gross","date":"14\/10\/2024","format":false,"excerpt":"Investors are preparing to write off nearly the entire value of their stakes in\u00a0Swedish battery giant Northvolt\u00a0as a crisis at the troubled European green technology champion deepens.","rel":"","context":"In \"Automotive industry\"","block_context":{"text":"Automotive industry","link":"https:\/\/climatescience.press\/?tag=automotive-industry"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/10\/0Northvolt-Ett-gigafactory-in-northern-Sweden.-m.jpg?fit=1200%2C680&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/10\/0Northvolt-Ett-gigafactory-in-northern-Sweden.-m.jpg?fit=1200%2C680&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/10\/0Northvolt-Ett-gigafactory-in-northern-Sweden.-m.jpg?fit=1200%2C680&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/10\/0Northvolt-Ett-gigafactory-in-northern-Sweden.-m.jpg?fit=1200%2C680&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/10\/0Northvolt-Ett-gigafactory-in-northern-Sweden.-m.jpg?fit=1200%2C680&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":353826,"url":"https:\/\/climatescience.press\/?p=353826","url_meta":{"origin":352232,"position":1},"title":"Hundreds Of Millions in Subsidies for German Gigafactory in Jeopardy as Northvolt Files Chapter 11","author":"uwe.roland.gross","date":"10\/12\/2024","format":false,"excerpt":"All that glisters green is not gold\u2026 The electric car market is reeling in Europe\u2026Germany\u2019s electric car ambitions have taken another body blow as Swedish Northvolt declares bankruptcy in USA.","rel":"","context":"In \"bankruptcy\"","block_context":{"text":"bankruptcy","link":"https:\/\/climatescience.press\/?tag=bankruptcy"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/0Hero-northvolt-labs.jpg?fit=1200%2C750&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/0Hero-northvolt-labs.jpg?fit=1200%2C750&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/0Hero-northvolt-labs.jpg?fit=1200%2C750&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/0Hero-northvolt-labs.jpg?fit=1200%2C750&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/0Hero-northvolt-labs.jpg?fit=1200%2C750&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":370607,"url":"https:\/\/climatescience.press\/?p=370607","url_meta":{"origin":352232,"position":2},"title":"Northvolt File for\u00a0Bankruptcy","author":"uwe.roland.gross","date":"18\/03\/2025","format":false,"excerpt":"Go woke, go broke! Following an exhaustive effort to explore all available means to secure a viable financial and operational future for the company, the Board of Directors of Northvolt AB today announced that it has filed for bankruptcy in Sweden.","rel":"","context":"In \"bankruptcy\"","block_context":{"text":"bankruptcy","link":"https:\/\/climatescience.press\/?tag=bankruptcy"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/03\/0Northvolt.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/03\/0Northvolt.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/03\/0Northvolt.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/03\/0Northvolt.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/03\/0Northvolt.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":398388,"url":"https:\/\/climatescience.press\/?p=398388","url_meta":{"origin":352232,"position":3},"title":"Porsche axes plans to build electric car batteries as demand collapses","author":"uwe.roland.gross","date":"28\/08\/2025","format":false,"excerpt":"The German carmaker announced that it will wind down operations at its production subsidiary Cellforce and refocus the division on research and development instead.","rel":"","context":"In \"Automotive industry\"","block_context":{"text":"Automotive industry","link":"https:\/\/climatescience.press\/?tag=automotive-industry"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/08\/0AQNMLlCkGF80tl70UZ9ipK2f-9N1vPqCAP2CT5Fz0oz8hIckLqMe02havzJyFysOCiP_lOg4Uoq5gNKD0rPO2ACxyrckLsTVBh6PZBXCvCfB9ppwdgBOyBlivpj4q1YONkG9hX0OTum3dlfDF0SEMKpUp1drcA-1.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/08\/0AQNMLlCkGF80tl70UZ9ipK2f-9N1vPqCAP2CT5Fz0oz8hIckLqMe02havzJyFysOCiP_lOg4Uoq5gNKD0rPO2ACxyrckLsTVBh6PZBXCvCfB9ppwdgBOyBlivpj4q1YONkG9hX0OTum3dlfDF0SEMKpUp1drcA-1.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/08\/0AQNMLlCkGF80tl70UZ9ipK2f-9N1vPqCAP2CT5Fz0oz8hIckLqMe02havzJyFysOCiP_lOg4Uoq5gNKD0rPO2ACxyrckLsTVBh6PZBXCvCfB9ppwdgBOyBlivpj4q1YONkG9hX0OTum3dlfDF0SEMKpUp1drcA-1.jpeg?fit=1200%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/08\/0AQNMLlCkGF80tl70UZ9ipK2f-9N1vPqCAP2CT5Fz0oz8hIckLqMe02havzJyFysOCiP_lOg4Uoq5gNKD0rPO2ACxyrckLsTVBh6PZBXCvCfB9ppwdgBOyBlivpj4q1YONkG9hX0OTum3dlfDF0SEMKpUp1drcA-1.jpeg?fit=1200%2C1200&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/08\/0AQNMLlCkGF80tl70UZ9ipK2f-9N1vPqCAP2CT5Fz0oz8hIckLqMe02havzJyFysOCiP_lOg4Uoq5gNKD0rPO2ACxyrckLsTVBh6PZBXCvCfB9ppwdgBOyBlivpj4q1YONkG9hX0OTum3dlfDF0SEMKpUp1drcA-1.jpeg?fit=1200%2C1200&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":284389,"url":"https:\/\/climatescience.press\/?p=284389","url_meta":{"origin":352232,"position":4},"title":"Hundreds of jobs at risk after electric lorry start-up files for\u00a0bankruptcy","author":"uwe.roland.gross","date":"21\/10\/2023","format":false,"excerpt":"Volta Trucks has begun search for insolvency experts following collapse of main battery supplier. A wave of EV start-ups have emerged in recent years amid booming interest in green technologies and ready access to venture capital funding. From NOT A LOT OF PEOPLE KNOW THAT By Paul Homewood What was\u2026","rel":"","context":"In \"Alvarez &amp; Marsal\"","block_context":{"text":"Alvarez &amp; Marsal","link":"https:\/\/climatescience.press\/?tag=alvarez-marsal"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/image-571.png?fit=1200%2C600&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/image-571.png?fit=1200%2C600&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/image-571.png?fit=1200%2C600&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/image-571.png?fit=1200%2C600&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/image-571.png?fit=1200%2C600&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":334252,"url":"https:\/\/climatescience.press\/?p=334252","url_meta":{"origin":352232,"position":5},"title":"The abrupt end of a miracle battery","author":"uwe.roland.gross","date":"23\/06\/2024","format":false,"excerpt":"Perhaps the story about a supposed revolution in battery technology is also somewhat symptomatic of how the media work and fail. First things first. The Japanese company TDK reports progress in battery technology. New batteries from the company are said to have an enormous energy density. This is to increase\u2026","rel":"","context":"In \"battery technology\"","block_context":{"text":"battery technology","link":"https:\/\/climatescience.press\/?tag=battery-technology"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/0shutterstock_349241027-scaled-1.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/0shutterstock_349241027-scaled-1.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/0shutterstock_349241027-scaled-1.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/0shutterstock_349241027-scaled-1.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/0shutterstock_349241027-scaled-1.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/352232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=352232"}],"version-history":[{"count":3,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/352232\/revisions"}],"predecessor-version":[{"id":352237,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/352232\/revisions\/352237"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/352236"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=352232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=352232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=352232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}