Race heats up: Multiple suitors eye Northvolt

There are several potential buyers interested in acquiring Northvolt, according to a report first published by Ekot.
– They are international investors, bankruptcy trustee Mikael Kubu told the Sveriges Radio programme.

A deal could take months to negotiate.

A deal could take months to negotiate.

Foto: Glenn Fahlgren

Skellefteå2025-04-28 09:09

Since Northvolt’s bankruptcy in March, bankruptcy trustee Mikael Kubu has been working to find potential buyers.

He told Ekot that there are two or three seriously interested parties with the capacity to handle a deal of this magnitude.

He declined to specify who the interested parties are but confirmed they are international companies.

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Northvolts bankruptcy trustee, Mikael Kubu, won't confirm the identities of the interested parties.

While a sales process can take months, DI reports significant time pressure, making the continuation of operations beyond May uncertain.

The newspaper also states that production in Skellefteå has been maintained, but according to Mikael Kubu, this is only possible due to customers paying a premium for the batteries, an arrangement that is expected to last until the end of May.