Reported about 24 hours ago
Sweden's Northvolt has appointed restructuring expert Paul O'Donnell as chairman of its main battery cell facility, Northvolt Ett, following discussions of potentially filing for Chapter 11 bankruptcy protection due to financial struggles. The company, which has missed production targets and reduced output at its northern Sweden plant, is exploring options for survival as it seeks to stabilize its finances after experiencing significant cash flow issues.
Source: YAHOO