Northvolt
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Northvolt AB was a Swedish battery developer and manufacturer, interested in lithium-ion technology for electric vehicles. Founded in 20151 by two former Tesla executives, it commissioned its first manufacturing plant in Skellefteå Municipality, Sweden in 2021 and announced plans for five others in Europe and North America. The company filed Chapter 11 bankruptcy in the United States on November 21, 2024. It subsequently filed for bankruptcy in Sweden on March 12, 2025. It is the largest bankruptcy in modern Swedish industrial history.
Northvolt AB was a Swedish battery developer and manufacturer, interested in lithium-ion technology for electric vehicles. Founded in 2015 by two former Tesla executives, it commissioned its first manufacturing plant in Skellefteå Municipality, Sweden in 2021 and announced plans for five others in Europe and North America. The company filed Chapter 11 bankruptcy in the United States on November 21, 2024. It subsequently filed for bankruptcy in Sweden on March 12, 2025. It is the largest bankruptcy in modern Swedish industrial history.
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