Global companies, including some from Sweden, Germany, the US, South Korea, and China, have filed these claims.
– Of course you are affected, it's a lot of money. It's soon up to 40 million kronor that we haven't been paid, a businessman who filed a claim told Sweden Radio Ekot.
– It's not money we want to lose, but money that we want to spend on developing our company instead. But we still hope that they will find a solution and that we will get paid in some way, the businessman continues.
The claims are part of Northvolt's chapter 11 restructuring process in a Texas court, targeting seven Northvolt entities. While some claims lack specific amounts, most range from 250 million to just a thousand kronor. Microsoft's claim exceeds 120 million kronor. The total amount is difficult to determine precisely due to potential duplicate filings.
Another business owner texted Ekot:
– I hope that the reconstruction will make Northvolt strong again so that we can get our outstanding invoices paid.
Northvolt stated:
– One of the purposes of Chapter 11 processes is to ensure that various creditors are paid in as orderly a manner as possible. In a complex and large business, companies naturally work with many different stakeholders.