Latest news with #Skelleftea
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.
