"The bankruptcy would allow the company to address financial challenges and maintain its competitive edge in producing high-performance battery cells," said investment group Vargas.
"This tells us that they haven't found investors and raised the capital needed to restructure their business," noted Handelsbanken analyst Hampus Engellau.
"Northvolt had been discussing the possibility of filing for Chapter 11 bankruptcy protection in the United States as one of several options for survival," according to sources familiar with the matter.
Collection
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