Northwolt’s building in Sweden has been photographed in February 2022.
Mikael Sjoberg | Bloomberg | Getty images
Power plant for electricity power plant on Wednesday
The company said that the company has provided a fine “Full efforts to study all available tools to ensure the company’s viable financial and operational prospects.”
“Like many companies in the battery sector, Northvolt is transferred to its financial condition, including capital expenditures, geopolitical instability, subsequent capital, subsequent capital, substances and market demand,” said Northvolt.
“In the future, the company further collects production, as well as high-complex industry, and they were unexpected.
The decline in insolvency of Nortvolt is engaged in self-employment, which is to build a chain of Electrical supplies around the world as a market for electric cars around the world.
The Swedish battery company Reconstruction of Chapter 11 in the United States searched for chapter 11 and started in November.
“Despite the support of our creditors and key counterparties, the company was unable to provide the necessary financial positions to continue in the current facility,” Northvolt said on Wednesday.
The Trustee of North Veduid, the appointed Court of Northvolt, monitors the bankruptcy of the company, including the sale of business and its assets and regulation of outstanding liabilities.