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Northvolt's bankruptcy trustee hopeful on business continuation
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Northvolt's bankruptcy trustee hopeful on business continuation
Mar 21, 2025 12:27 PM

STOCKHOLM, March 21 (Reuters) - Northvolt's bankruptcy

trustee said on Friday it had made "significant" progress in

negotiating the continuation of the operation of the electric

vehicle battery maker, while talks with potential buyers

proceed.

The Swedish company filed for bankruptcy in Sweden on March

12, marking one of the country's largest corporate failures and

effectively ending Europe's best hope of developing a rival to

challenge China.

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