Northvolt subsidiary files for bankruptcy

admin admin | 10-08 16:30

Northvolt subsidiary files for bankruptcy.
Swedish battery maker Northvolt said on Tuesday that one of the group's subsidiaries had filed for bankruptcy, while the rest of the cash-strapped group continued to consolidate its operations.

"All contacts with Ett Expansion AB will from now on be managed by the bankruptcy trustee," the group said in a statement.

"Northvolt Group continues to be in dialogue with stakeholders for continued cooperation within Northvolt Group's ongoing operations," it added.

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