The battery manufacturer has yet to secure the financing needed to complete the so-called Chapter 11 process currently underway in the U.S., reports the news agency Bloomberg.
However, according to Northvolt – which employs thousands of people, most of them in Skellefteå – several parties have shown interest, a spokesperson told Bloomberg. These include both strategic partners and financial investors, according to the company.
– Together with our advisors, we continue discussions with potential strategic and financial investors, as well as existing lenders, shareholders, and customers, to review and evaluate new investment proposals, wrote Northvolt's press officer Erik Zsiga in an email to TT.
According to Zsiga, Northvolt is conducting a – broad and flexible marketing process:
– We are leaving no stone unturned. It is too early to speculate on the future structure, he wrote.
He also confirmed that the goal of completing the chapter 11 process during the first quarter of 2025 remains unchanged.
The company – which has already laid off about one in five employees due to the crisis and scrapped several major projects worldwide – filed for bankruptcy protection in a Texas court last fall. At that time, the debt burden to be addressed in the chapter 11 process amounted to 60 billion kronor.