Northvolt's Collapse Countdown Started With BMW Pulling the Plug

By Yahoo! Finance | Nov 24, 2024 at 02:03 AM EST

Northvolt's rapid cash burn and misjudgments led to a restructuring under Chapter 11. Initial IPO plans faltered, and key partnerships with VW, BMW were severed. Despite setbacks, Northvolt aims to find a financial partner and continue operations, with some support from Scania.

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