"According to some media reports quoting insiders from the company, the above mentioned capital might be enough to pay salaries, although more significant money injection is expected to bring Northvolt out of trouble."
"As we reported in late September, Northvolt has been forced to restructure its business due to the current challenging environment when it comes to electric mobility in Europe... Northvolt announced that about 1,600 jobs will be cut in Sweden alone, split across Skellefteå (1,000 positions), Västerås (400 positions) and Stockholm (200 positions)."
"The target is to get about 300 million euros funding by the end of the month to have enough liquidity and meet the next goals outlined by the company's management in the last few weeks."
"Not long ago, Northvolt was forced to fire about 1,600 people in Sweden and, at the same time, declare bankruptcy for the company Northvolt Ett Expansion, belonging to the group."
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