Reported about 19 hours ago
Peter Carlsson, CEO and co-founder of Northvolt, has announced his resignation following the company's Chapter 11 bankruptcy filing. The Swedish battery manufacturer now faces a critical need for $1 to $1.2 billion in funding to stabilize its operations, after struggling with production issues and financial challenges. Despite these setbacks, the company aims to reorganize and continue fulfilling commitments while searching for new partners for long-term sustainability.
Source: YAHOO