The future has long looked bleak for the Swedish battery manufacturer Northvolt, and now it seems that it could soon be over.
According to Reuters, the company’s management has decided to file for bankruptcy because it has been unable to secure new capital to continue operations.
- After an exhaustive attempt to explore all available means to ensure a viable financial and operational future for the company, the board of Northvolt today has filed for bankruptcy in Sweden, the company stated in a press release.
BREAKING