EV battery manufacturer files bankruptcy

[Biketographer]

The chief executive of Northvolt stepped down on Friday, shortly after the Swedish battery maker filed for Chapter 11 bankruptcy protection in the U.S.
   
    On Thursday, the company sought bankruptcy protection in the U.S. to allow it to restructure its debt, scale back its business and secure a sustainable foundation for its continued operation.

Full article at https://www.cnbc.com/2024/11/22/northvolt-files-for-bankruptcy-in-setback-to-europes-ev-ambitions.html