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Author Topic: An EV battery maker that raised $15 billion from investors including Goldman Sachs filed for bankrup  (Read 225 times)

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Offline rangerrebew

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An EV battery maker that raised $15 billion from investors including Goldman Sachs filed for bankrup
« on: November 22, 2024, 07:26:45 am »

An EV battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash
Story by insider@insider.com (Will Martin) • 1h

EV battery maker Northvolt has entered Chapter 11 bankruptcy protection, it said on Thursday.

The Swedish firm, founded by two ex-Tesla executives, has struggled amid stuttering demand for EVs.

Northvolt said it had secured an extra $245 million in funding as part of the bankruptcy deal.


Northvolt, the battery company founded by two former Tesla executives, has filed for Chapter 11 bankruptcy protection after struggling to ramp up production.

https://www.msn.com/en-us/money/companies/an-ev-battery-maker-that-raised-15-billion-from-investors-including-goldman-sachs-filed-for-bankruptcy-protection-after-almost-running-out-of-cash/ar-AA1uyB3g?ocid=msedgdhp&pc=HCTS&cvid=eaa68641f0af4d2bbf53bf72c5fb39f0&ei=42
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abolitionist Frederick Douglass: “Power concedes nothing without a demand. It never did, and it never will.”
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