Northvolt seeks to sell electric industrial battery business by year-end
https://www.reuters.com/business/no...rial-battery-business-by-year-end-2024-12-04/"Last month, Europe's biggest hope for an EV battery champion filed for U.S. Chapter 11 protection after talks to raise additional cash from stakeholders failed.
It needs up to $1.2 billion in external long-term funding.
In its Chapter 11 filing on Nov. 21, Northvolt said it would try to sell Northvolt Systems Industrial, which makes batteries for industrial applications and sits within the unit called Northvolt Systems."
