Northvolt AB
Case Number:
4:24-bk-90577
Court:
Nature of Suit:
Firms
Companies
Sectors & Industries:
-
April 01, 2025
Northvolt's Ch. 11 Ends Amid Swedish Parent's Insolvency
A Texas bankruptcy judge on Tuesday agreed to dismiss the Chapter 11 cases of electric vehicle battery maker Northvolt AB at the company's request, after its parent commenced a bankruptcy case in Sweden.
-
March 17, 2025
US Trustee Leader Ousted, Eletson's Ex-Owners Face Fines
The reported removal of the director of the U.S. Department of Justice's bankruptcy watchdog program has thrown the historically apolitical office into broader waves of upheaval, a bankruptcy judge has said he would impose a daily fine on the former owners of Eletson, and another bankruptcy judge detailed why he overruled objections in Spirit Airlines' Chapter 11 plan. This is the week in bankruptcy.
-
March 12, 2025
Northvolt's Ch. 11 Dismissal Possible After Swedish Filing
Bankrupt electric vehicle battery maker Northvolt AB told a Texas bankruptcy judge that its Chapter 11 case is possibly headed for dismissal after its parent company filed an insolvency case in Swedish court early Wednesday.
-
February 03, 2025
Under The Radar: Bankruptcy News You May Have Missed
A New Jersey event venue, a lithium battery maker and the operator of one of the world's largest cobalt refineries hit Chapter 11; retailer Party City wants to beef up security for its current and former directors, citing threats of violence; and yet another former member of Byju's Alpha's top brass was sanctioned for contempt of court.
-
January 28, 2025
Northvolt Can Sell Recycling Plant Shares For $6.8M In Ch. 11
Northvolt AB received a Texas bankruptcy judge's approval Tuesday to sell its stake in a battery recycling operation for $6.8 million as the Swedish electric vehicle battery maker works to shed its non-core business units in Chapter 11.
-
January 08, 2025
Northvolt Shareholders Vote To Keep Business Operating
Bankrupt electric vehicle battery maker Northvolt AB received shareholder approval Wednesday to keep its business going, in a move a company spokesperson had called a "procedural step" consistent with Swedish legal requirements.
-
January 07, 2025
Northvolt Asks Shareholders To Vote On Continuing Business
Bankrupt electric vehicle battery maker Northvolt AB asked its shareholders to vote Wednesday on keeping the business going, in a move a company spokesperson called a "procedural step" consistent with Swedish legal requirements.
-
December 20, 2024
EV Battery Co. Northvolt Cleared For Ch. 11 Loan, Cash Use
Bankrupt electric vehicle battery maker Northvolt AB received final approval Friday from a Texas court to enter into a $100 million Chapter 11 loan and to access the cash collateral of its secured lenders after working with unsecured creditors to reach consensus on the financial relief.
-
December 11, 2024
Meet The Attys Behind EV Battery Co. Northvolt's Ch. 11
A team of attorneys from Haynes and Boone LLP and Kirkland & Ellis LLP are representing Swedish electric-vehicle battery manufacturer Northvolt AB in its Chapter 11 case in Texas as it seeks to streamline its business and sell off factories and subsidiaries unrelated to its core mission.
-
December 06, 2024
Behind EV Battery Maker Northvolt's $5B Ch. 11
Swedish electric vehicle battery manufacturer Northvolt AB, which once had the ambition to power-up Europe's electric vehicle manufacturing industry and had secured contracts from automakers like Porsche, Audi and BMW, descended into Chapter 11 after failing to scale up its production and falling victim to slowing sales, according to its bankruptcy filings.