Latest news with #Skelleftea
Reuters
24-06-2025
- Business
- Reuters
Battery maker Northvolt gets indicative bid, bankruptcy trustee tells Swedish radio
COPENHAGEN, June 24 (Reuters) - Northvolt's bankruptcy trustee has received an indicative bid from a foreign interested party for the company's business in Sweden, the trustee told Swedish radio on Tuesday. Northvolt filed for bankruptcy in March, making it one of Sweden's largest corporate failures and effectively ending Europe's best hope of developing a rival to challenge Chinese battery makers. "We now have an indicative offer on the table and hope for more indicative bids," bankruptcy trustee Mikael Kubu told public broadcaster Sveriges Radio. "We expect to receive another indicative offer during the day," he said. Reuters was not immediately able to reach Kubu for comment. The indicative offer covered Northvolt's battery cell factory in Skelleftea in northern Sweden and its research and development centre in Vasteras west of Stockholm, Sveriges Radio said. Kubu in May said the Skelleftea plant planned to wind down operations by the end of June although talks with potential buyers were ongoing.
Reuters
22-05-2025
- Automotive
- Reuters
Northvolt to wind down battery making operation in Sweden by end June
STOCKHOLM, May 22 (Reuters) - Swedish automotive battery maker Northvolt, which declared bankruptcy in March, plans to wind down its remaining battery cell production in the Nordic country by the end of June, its trustee said on Thursday. While the search for a buyer of the business continued, there was no realistic prospect for a purchaser to assume control in the near term, bankruptcy trustee Mikael Kubu said in a statement. "A gradual wind-down of battery cell production in Northvolt Ett will be initiated, with the objective of ceasing production by 30 June," Kubu said, referring to the name of the company's plant in the Swedish town of Skelleftea.
Bloomberg
22-05-2025
- Automotive
- Bloomberg
Northvolt to Stop Production at End of June Without Buyer
Bankrupt battery maker Northvolt AB will stop production at its last remaining factory in northern Sweden at the end of June if it fails to find a buyer before then, a person familiar with the matter said, asking not to be identified discussing private information. The plant in Skelleftea has been running one production line making cells for truckmaker Scania CV AB ever since a court-appointed trustee in Sweden put the group's business and assets up for sale in March. So far a buyer has not materialized.
