– We are in close contact with Northvolt and are assisting in scaling up their industrial production lines, a Volkswagen spokesperson stated. Volkswagen holds a significant stake in Northvolt, the Skellefteå-based startup which is focusing on cost reduction to enhance its competitive edge.

Reports surfaced recently indicating uncertainty from Northvolt's major shareholders, including Volkswagen and Goldman Sachs Group Inc., regarding additional investment. According to a Swedish Radio report on Monday, the delay in securing new financing is linked to undisclosed terms for potential participation in a new funding round.

– The financing discussions are ongoing, and we will provide updates when appropriate, said Matti Kataja, Northvolt's communications manager.

Northvolt aims to raise 7.5 billion kronor, half of its initial target, as reported by Dagens Industri last week. The company needs the funds to meet salary obligations for September amid financial pressures exacerbated by a slowdown in electric vehicle demand. 

In response, Northvolt has initiated cost-cutting measures, including job reductions and production halts at its main facility, as reported by Norran last week.

– We are implementing tough decisions to manage costs effectively, Kataja said at the time.

Norran also reported that the crisis-stricken Northvolt introduced an immediate travel and expenditure freeze for the staff, which led to worries that staff would not be paid.

Norran asked Kataja on Monday if staff would be paid this month.

Kataja replied via SMS with a one word answer: "Yes".