Northvolt AB
Case Number:
4:24-bk-90577
Court:
Nature of Suit:
Firms
Companies
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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.
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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.
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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.
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November 26, 2024
Catching Up With New Bankruptcy Case Action
Swedish electric vehicle battery maker Northvolt AB and snack maker Hearthside Food Solutions filed for Chapter 11 bankruptcy relief, while former natural gas driller Ursa Operating Company LLC and e-commerce company Grocery Shopii sought Chapter 7 liquidations. A United Kingdom affiliate of Mexican leasing and lending group Mega, the parent company of Canadian charter bus company Bus.com and Canadian utility services provider Rokstad Holdings Corp. each sought recognition of their foreign insolvency proceedings.
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November 21, 2024
Swedish EV Battery Co. Files For Ch. 11 With $5B Of Debt
Swedish electric vehicle battery maker Northvolt AB filed a Chapter 11 case in Texas bankruptcy court Thursday, saying it wants to find a partner to enable the company's innovation to continue in the burgeoning space while it addresses a significant liquidity shortfall.