Stockholm, Jan 8, 2025 (AFP) - Northvolt shareholders agree to continue operations

NAMPA / AFP

2025-01-08

Shareholders in Swedish electric car battery maker Northvolt agreed Wednesday at an extraordinary general meeting to allow the financially-strained company to continue operating and avoid liquidation. Northvolt applied for Chapter 11 bankruptcy protection in the United States in late November to enable it to restructure its debt and reorganise its business. The battery maker said in US filings that it owed $5.8 billion. "Northvolt is pleased with......

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