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Home » Finance » Northvolt Files for Chapter 11 Bankruptcy to Restructure and Secure Financing
Finance

Northvolt Files for Chapter 11 Bankruptcy to Restructure and Secure Financing

By Matthew WrightNovember 24, 20242 Mins Read
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Credit: Northvolt
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Swedish battery manufacturer Northvolt has voluntarily filed for Chapter 11 bankruptcy in the United States to restructure its operations and access additional funding. The move will provide Northvolt with approximately $145 million in cash collateral and ensure business continuity during the reorganisation process. The company announced it will maintain operations, including deliveries to customers, fulfilling

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