STOCKHOLM, Jan 8 (Reuters) - The owners of Swedish

electric vehicle battery maker Northvolt on Wednesday voted in

favour of continuing operations while it seeks to sort out its

finances, the company said in a statement.

Northvolt went in a matter of months last year from being

Europe's best shot at a home-grown electric-vehicle battery

champion to seeking Chapter 11 bankruptcy protection, hobbled by

production problems and as funding ran out.

The company's owners, which include Volkswagen and

Goldman Sachs ( GS ), met in Stockholm on Wednesday to vote on whether

to liquidate the company or allow the Chapter 11 restructuring

to continue.

"This is a positive outcome that demonstrates the

support of our shareholders as we seek to realize our ambition

and maximize our value," the company said in an emailed

statement after the meeting.

"Northvolt continues to make progress in the

restructuring process while ramping production and executing on

its transformation," it added.